The Centre for North Sea Enhanced Oil Recovery with CO2 will aim to strengthen understanding of enhanced oil recovery technology which creates a commercial use for carbon dioxide captured from power plants and industry.
Launched by the First Minister at the All-Energy conference in Aberdeen, it is the result of a collaboration between Edinburgh University, Heriot-Watt University and the British Geological Survey.
The technology could increase the amount of oil removed from North Sea reservoirs by between 5 per cent and 25 per cent. The centre will be funded by a variety of resources.
First Minister Alex Salmond said: “The central North Sea is the key European location for the storing of CO2 captured from fossil-fuel power stations and industrial emissions, and Scotland will be responsible for licensing potentially up to 50 per cent of all of Europe’s offshore geological storage.”