The UK and Scottish Governments, along with Pale Blue Dot Energy and Total, have announced they will provide important match funding of the European Commission’s Connecting Europe Facilities fund, to progress work on the UK’s Acorn CCS project.
Acorn is a low-cost, low-risk CCUS catalyst project, that makes best use of legacy oil and gas infrastructure and excellent CO2 storage, bringing down the cost of delivering large-scale CO2 transport and storage solutions to the UK and potentially Europe.
“This match funding of the European Commission’s CEF award allows us to fully explore all the exciting CO2 transport options open to Acorn – from repurposing on and offshore gas pipelines, to developing Peterhead Harbour for CO2 important and export,” said Alan James, Managing Director of Pale Blue Dot Energy, and Project Leader for Acorn.
“This is a critical and exciting step towards building the UK’s first large-scale CO2 transport and storage infrastructure and we are thrilled to have such strong government and industry support for the work we are doing,” James continued.
The announcement was made at the UK Government’s International CCUS summit in Edinburgh. The summit gave global energy leaders the chance to explore the critical need to advance CCUS deployment worldwide in order to have a chance of meeting CO2 emission reduction targets.
The Acorn project has been recognised by the European Commission as a European Project of Common Interest, this year Acorn CCS was the only CO2 transport project in Europe to be successfully awarded CEF funding to develop all of the CO2 transport options for the CCS imitative.
“The innovative project from Pale Blue Dot represents a major milestone in efforts to commercialise this technology and comes as leaders meet at a world-first summit in Edinburgh to accelerate efforts to roll out CCUS globally,” said Claire Perry, UK Energy and Clean Growth Minister.
“This is a very important step forward for the Acorn Project and Scotland. Scotland’s key CCUS resource is our vast potential for the storage of carbon dioxide, and the Scottish Government is strongly committed to the development and implementations of CCUS technologies,” said Paul Wheelhouse, Minister for Energy, Connectivity and the Islands at the Scottish Government.
“Total is delighted to invest and support the Acorn CCUS project. carbon capture, utilisation and storage is going to play an essential role in achieving carbon neutrality in the second half of the century without curbing economic and social growth,” said Marie-Noelle Semeria, Senior Vice President, Group Chief Technology Officer at Total.
The aim of the Acorn project is to deliver a low-cost CCS system in north east Scotland by 2023.