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New energy, new opportunities

Bob Sanguinetti, Chief Executive, Port of Aberdeen

Since it was established in 1136 by King David I of Scotland – making it the oldest business in Britain – the Port of Aberdeen has experienced almost nine centuries of sea change.

Aberdeen was renowned across the globe as the oil and gas capital of Europe and we must now be a leader in the transition to the new, green economy. We are perfectly positioned to be Europe’s net zero capital and lead Scotland’s drive toward the 2045 target.

Our £400 million port expansion project at Aberdeen South Harbour will be at the heart of the next generation of cleaner, reliable energy – whether that’s offshore wind, hydrogen, CCUS or climate compatible oil and gas developments.

The expanded port will grow its position as a lynchpin of the regional and national economy, contributing £2.4 billion GVA and supporting over 15,000 jobs when it reaches its full potential.

Green Freeport status for North East Scotland is critical to fulfilling this potential and for Scotland to achieve its net zero goals.

We are working with our port operator partners, local councils, industry and academia on the Green Freeport bid to unlock new energy, create new opportunities and transform the region.

The combination of world-class assets such Aberdeen’s expanded port, international airport and Energy Transition Zone, together with St Fergus gas terminal and Peterhead port provide a unique and compelling Green Freeport proposition.

A successful bid will transform the region into a global leader in sustainable energy and innovation, lead Scotland to net zero by 2045, create a powerhouse of new trade and investment, and generate thousands of high-skilled, green jobs and opportunities for those that need them most.

Ultimately, Green Freeport status would ensure a result that is far greater than the sum of the individual parts.

This are exciting times for Aberdeen and we’re proud to be part of a new chapter for the city and wider region.