The agreement to invest tens of millions of pounds in a Carbon Capture Scheme here in Peterhead has brought about the promise of sustainable jobs and long-term prosperity to the area.
But what exactly is carbon capture, and why is this project a global-first?
Gas power stations, like Peterhead, produce enviromentally damaging carbon dioxide emissions.
Carbon capture should - in theory - dramatically reduce these emissions by trapping the carbon and using existing infrastructure to pipe liquified carbon back into natural gas resevoir’s under the North Sea.
The proposed scheme would capture one million tonnes per annum for 30 years and transport it back to the depleted Goldeneye resevoir, 100km offshore.
This has never been done before at a gas power plant and, if successful, could clean up the use of gas as a fossil fuel.