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.
A new report outlines how the capture and re-use of CO2 can create a new Circular Economy led manufacturing sector for Scotland. The study titled “Actions required to develop a roadmap towards a Carbon Dioxide Utilisation Strategy for Scotland (2016)”, was commissioned by Scottish Enterprise and delivered by Pale Blue Dot Energy and the University of Sheffield. The study highlights the significant potential to create a new high value manufacturing sector built on existing infrastructure and skills.
Carbon Dioxide (CO2) is big news today, mostly because of the proved link with man-made climate change and the consequences of this. But, it’s not all like that. More and more manufacturing and energy businesses are finding that they are losing an opportunity by simply dumping this valuable by-product into the sky because they are simply unaware of its potential.
Does your business have a waste stream of carbon dioxide? Do you want to improve your bottom line profit by turning a waste stream into a revenue stream?
On 18th January, Scottish Enterprise launched the results of their study into Oil and Gas Diversification The material supports oil and gas supply chain companies to develop opportunities in other business sectors and is based on a study we conducted last year. (More info here)
The Strategic UK CO2 Storage Appraisal project completed and published in early 2016 by the ETI/DECC confirmed that the UK Continental Shelf (UKCS) is endowed with a rich and diverse national offshore CO2 storage resource that could be mobilised into service readiness without extensive appraisal programmes. This is due to a wealth of prior knowledge arising from decades of petroleum exploration and development activity from commercial and national organisations. Whilst the UKCS hosts many high quality potential storage sites, the ETI project concluded that the UK’s requirements for CO2 storage through to 2070 could be accommodated by the mobilisation and development of just 8 sites. This portfolio of 8 sites spans a range of geography, geological storage types, development timetables and development risk. Further details are provided here.