A Memorandum of Understanding (MOU) has been signed between the Acorn Project partners (Storegga, Shell and Harbour Energy) and INEOUS and Petroineous.
The MoU, signed at Grangemouth, will allow the parties to join forces and work together to develop Scotland’s first carbon capture and storage (CCS) system linking Scotland’s industrial heartland to the Acorn CO2 transport and storage hub in Northeast Scotland by 2027.
Owning and operating one of Scotland’s largest manufacturing sites, INEOUS and Petroineous, in partnership with the Acorn Project initiative will cover their entire Grangemouth site and enable the capture and storage of around one million tonnes a year (Mt/yr) of carbon dioxide (CO2) by 2027, with an aim to capture further volumes in the future.
Speaking of the agreement, Nick Cooper, CEO of Storegga, the lead developer of the Acorn Project, said, “The Acorn Project partners (Storegga, Shell and Harbour Energy) are delighted that INEOS and Petroineos have entered into an MOU with Acorn, which is a really significant step in managing Scotland’s industrial emissions.”
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