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.
The ground-breaking Acorn Carbon Capture and Storage Project is set to move forwards after being awarded funding from the EU funding round ‘Accelerating CCS Technologies’ (ACT), part of the ERA-NET programme. Acorn represents an exciting step forwards for CCS in the UK, especially after several false starts over recent years.
The Acorn project, a full chain small scale carbon capture and storage (CCS) project in North East Scotland, has reached another milestone with support from the EU funding round “Advancing CCS Technologies” (ACT), a part of the ERA-NET programme. The project, being developed by CO2DeepStore, has been approved for funding under the programme to progress feasibility studies in 2017 and 2018. Pale Blue Dot Energy is leading the ACT study consortium which also includes Scottish Carbon Capture & Storage, Bellona (Norway), Liverpool University and Radboud University (Netherlands).