Jul 16, 2021

Exxon and Shell join Scottish carbon capture project

The Acorn carbon capture and storage project in north-east Scotland has signed provisional deals with customers including ExxonMobil, Royal Dutch Shell and a company backed by Kuwait's sovereign wealth fund, bringing together some of the largest operators in the UK North Sea. "Signing the MoU to begin this important work on the St Fergus CO2 emissions represents a key milestone for the Acorn Project," said Nick Cooper, chief executive of Storegga, whose subsidiary Pale Blue Dot is leading the project in partnership with Shell and Harbour Energy, two of the largest producers in the UK North Sea. The Acorn project has gathered pace in recent weeks with a majority of the largest operators in the North Sea, from oil and gas producers to refineries, now linked to the project. The Neccus Alliance, made up of energy companies, universities and Scottish government bodies, has laid out a road map to link up the carbon capture project at St Fergus to the nearby port of Peterhead and then Grangemouth to the west of Edinburgh. Exxon said the Acorn Project "Has the potential to provide more than half of the 10m tons per year of CO2 storage targeted by the UK government", with the potential for that to double "By the mid-2030s".

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