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).
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.
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.
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.
Pale Blue Dot Energy and the University of Aberdeen are delighted to announce their collaboration on the Carbon Capture Machine.
The Carbon Capture Machine (CCM), a new company and technology being developed at the University of Aberdeen and a contestant in the NRG COSIA Carbon XPRIZE, is developing technology that captures carbon and turns it into valuable carbon-negative industry feedstocks and building materials. Pale Blue Dot Energy will be developing a business case for the commercialisation of CCM.
The NRG COSIA Carbon XPRIZE is a competition designed to address CO2 emissions from fossil fuels. The winners receive $20 million to help fund the development and commercialisation of their CO2 utilisation technologies.
Pale Blue Dot Energy, based near Banchory, deliver management consultancy to the energy industry, large energy users and the public sector. Collaborative working is at the core of business practice, Pale Blue Dot Energy offers market knowledge and experience to help clients meet the demands of our rapidly changing world, and have specialist expertise in business planning and a strong track record for CCS and CCU.
Steve Murphy, Finance Director at Pale Blue Dot Energy, said “We’re delighted to be working with the University of Aberdeen on the commercialisation planning for the Carbon Capture Machine. The technology has tremendous potential to contribute significantly to reducing CO2 emissions and we’re excited to play a role in its commercialisation. We look forward to working with the team and wish them great success as they approach the next milestone of the competition.”
Zoe Morrison, Senior Lecturer at the University of Aberdeen, said “We are delighted to be working with local experts on this important development. Pale Blue Dot are bringing a commercial edge to our academic expertise in carbon capture and utilization that has real business benefit.”