ACT Acorn partners pass first milestone in study to initiate CCS in the UK

This press release was initially posted on the ACT Acorn project website: http://www.actacorn.eu

The ground-breaking Acorn Carbon Capture and Storage (CCS) Project has now begun a feasibility study after concluding funding from the European Union’s funding round Accelerating CCS Technologies (ACT).

Acorn CCS infrastructure project secures European support

The Acorn Carbon Capture and Storage (CCS) infrastructure project “CO2 Sapling” has been adopted by the EU as a Project of Common Interest (PCI). The PCI programme supports the development of a low carbon integrated energy infrastructure for Europe including providing funding for significant infrastructure construction. CO2 Sapling involves the development of CO2 pipeline and shipping infrastructure from the Acorn hub at St Fergus and Peterhead in North East Scotland.

Acorn project unlocks UK clean growth

The Acorn Carbon Capture and Storage (CCS) project, its developers CO2DeepStore and consulting partners Pale Blue Dot Energy welcome the launch today of the UK Governments long awaited Clean Growth Strategy. The plan confirms the UKs commitment to its carbon reduction obligations as set out in the Climate Change Act 2008 which commits the UK to an 80% reduction on 1990 emissions by 2050. Carbon capture and storage is an essential part of this clean growth. Acorn is set to be the UKs first CCS project.

CO2 – A UK Opportunity, Not a Liability

The Acorn project, its developers CO2DeepStore and consulting partners Pale Blue Dot Energy welcome the launch today (5th Oct 2017) of the study looking at the value of Carbon Capture and Storage (CCS) for the UK. The report “Clean Air-Clean Industry-Clean Growth; How Carbon capture will boost the UK economy” concludes that CCS will add £129bn of societal and economic benefits to the UK. Furthermore, the study concludes that waiting before starting CCS in the UK or exporting our CO2 to Norway will both have significant negative impact on the value of CCS for the UK.