The UK and Scottish Governments, along with Pale Blue Dot Energy and Total, have announced they will provide important match funding of the European Commission’s Connecting Europe Facilities fund, to progress work on the UK’s Acorn CCS project.
Acorn is a low-cost, low-risk CCUS catalyst project, that makes best use of legacy oil and gas infrastructure and excellent CO2 storage, bringing down the cost of delivering large-scale CO2 transport and storage solutions to the UK and potentially Europe.
“This match funding of the European Commission’s CEF award allows us to fully explore all the exciting CO2 transport options open to Acorn – from repurposing on and offshore gas pipelines, to developing Peterhead Harbour for CO2 important and export,” said Alan James, Managing Director of Pale Blue Dot Energy, and Project Leader for Acorn.
“This is a critical and exciting step towards building the UK’s first large-scale CO2 transport and storage infrastructure and we are thrilled to have such strong government and industry support for the work we are doing,” James continued.
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