16 April 2021 9:49 GMT Updated 16 April 2021 9:49 GMT in London
Anglo-Dutch giant Shell and Harbour Energy have clinched an agreement to become partners in the Acorn carbon capture and storage (CCS) project in Scotland, UK.
The two companies have joined project proponent Storegga via the latter s wholly owned subsidiary Pale Blue Dot Energy to become equal partners in a scheme that will capture carbon dioxide from industrial facilities in the St Fergus area and elsewhere and pipe it to storage reservoirs in the North Sea, for which a licence is already held.
The development, located on Scotland s east coast, also aims to produce blue hydrogen.
Storegga, Shell, Harbour become equal partners on Acorn CCS April 16, 2021, by Bojan Lepic
Storegga, Shell, and Harbour Energy have become equal partners in the Acorn carbon, capture and storage (CCS) project and will develop the project through to final investment decision (FID), construction, operation, and beyond.
Storegga, through its wholly-owned subsidiary Pale Blue Dot Energy, was the lead company on the project which is considered as one of the largest and most mature UK CCS and hydrogen projects.
Under the terms of the Acorn Development Agreement, all three firms will from now on develop the Acorn project as equal partners.
Storegga, Shell and Harbour Energy equal partners of leading CCS and hydrogen project gasworld.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from gasworld.com Daily Mail and Mail on Sunday newspapers.
UK: Storegga, Shell, and Harbour Energy become equal partners in the Acorn Project with the signing of the Acorn Development Agreement
16 Apr 2021
Pale Blue Dot Energy,
Shell, and
Acorn Project, one of the largest and most mature
UK CCS and hydrogen projects, have become equal partners in the project through the signing of the
Acorn Development Agreement ( ADA ). As equal partners, Storegga, Shell and Harbour will develop Acorn through to Final Investment Decision ( FID ), construction, operation and beyond.
The Acorn CCS and Hydrogen Projects could provide critically important CCS and hydrogen infrastructure, helping industries and homes across Scotland and the UK to decarbonise. It is anticipated to be operational in the mid-2020s, providing a clear pathway to help Scotland and the UK to meet their net zero targets. Using CO2 from the St Fergus gas terminal in Aberdeenshire, from Scotland’s carbon intensive industries and imported CO2 from the rest of the UK and Europe
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