North Star, the operator of Britain’s largest fleet of ships serving the oil and gas industry, is diversifying into renewable energy with support from Bank of Scotland in the form of a £40m financing package to support the company’s growth. Nick Cooper, chief executive of Storegga, commented: “This announcement follows our recent funding from the UK Government’s Department for Business, Energy and Industrial Strategy under the Direct Air Capture and Greenhouse Gas Removal Technology Innovation Programme Award. UK Research and Innovation pledges £31 million for Scotland's 'green revolution'.SSE Thermal and Equinor combine to capture Peterhead power station emissions.The country also offers significant offshore storage sites where the captured atmospheric carbon dioxide can be safely and permanently stored deep below the seabed. The Storegga and CE project should complete in the first quarter of 2022, with detailed engineering expected to follow in the second quarter next year.Ī statement explained that Scotland offers "numerous advantages" for the deployment of direct air capture (DAC) projects, including abundant renewable energy sources to power the technology, existing infrastructure that can be redeployed, and a skilled workforce from the North Sea oil and gas industry. The Acorn project is currently in the engineering and design phase of development and is planned to be operational by the mid 2020s. Locations being considered by the partnership for this facility are in proximity to the Acorn carbon capture and storage (CCS) project in Aberdeenshire. Once complete, it will be a model for how this clean infrastructure can be deployed across the continent to help achieve critical net zero targets, while also creating thousands of local jobs and businesses.įollowing a successful feasibility study in the first half of 2021, Storegga and CE have commenced preliminary engineering and design of the proposed Pre-Front End Engineering and Design (Pre-FEED).Ī shortlist of potential sites has been identified with the final preferred site to be selected as part of this work. Targeted for North East Scotland, it will be the first large-scale facility of its kind in Europe and the partners are aiming for it to be operational by 2026. It is led by Pale Blue Dot Energy (a wholly owned subsidiary of Storegga) with Shell working as the Technical Developer for the Acorn CCS Project.Carbon capture companies Storegga and Carbon Engineering (CE) have begun engineering and design of a new facility that aims to permanently remove between 500,000 and one million tonnes of carbon dioxide from the atmosphere annually. The project is funded and supported by industry partners (Storegga, Shell, Harbour Energy and NSMP), the UK and Scottish Governments and the European Union. This first phase of Acorn CCS offers a low capital cost start, that can be delivered by the mid 2020s – establishing the critical CO 2 transport and storage infrastructure required for the wider Acorn build-out including Acorn Hydrogen and the import of CO 2 to St Fergus from ships at Peterhead Port and from Scotland’s industrial Central Belt.ĭesignated a European Project of Common Interest (PCI) Acorn is an important catalyst for clean growth opportunities in Scotland and in regions where CO 2 transport and storage is limited, Acorn can help transform our carbon intensive industries into low carbon industries and sustain jobs. With this important pipeline infrastructure already in place, Acorn CCS can get started using existing CO 2 emissions– captured directly from the gas processing units at the St Fergus gas terminal. Acorn CCS is a carbon capture and storage project specifically designed to overcome one of the acknowledged blockers to CCS deployment in the UK – the high capital costs involved in getting started.īased at the St Fergus gas terminal in North East Scotland, Acorn CCS can repurpose existing gas pipelines to take CO 2 directly to the Acorn CO 2 Storage Site.
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