ExxonMobil has signed a memorandum of understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland, UK.
ExxonMobil has signed a memorandum of understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland, UK.
The project plans to capture and store approx. 5-6 million tonnes of CO2 a year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil’s joint venture gas terminal.
The Acorn Project has the potential to provide more than half of the 10 million tonnes a year of CO2 storage the UK government is targeting, and when expanded has the potential to store more than 20 million tonnes of CO2 emissions per year by the mid- 2030s
ExxonMobil has also joined NECCUS, an aliance of industry, government and academic experts committed to developing the technology to reduce carbon emissions from industrial facilities in Scotland.
‘Our membership in NECCUS and our involvement with Acorn underscores our commitment to addressing the dual challenge of meeting the world’s energy needs while reducing emissions from our operations,’ Exxon Mobil said.
Carbon Clean has been selected to provide the front-end engineering services for the Acorn carbon capture project.
The International Energy Agency projects CCS could mitigate up to 15% of global emissions by 2040.
