Acorn carbon capture and storage project (CCS)
ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per 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 tons per year of CO2 storage the UK government is targeting, and when expanded has the potential to store more than 20 million tons of CO2 emissions per year by the mid-2030s. “ExxonMobil has more than 30 years’ experience in CCS technology and is advancing plans for multiple new CCS opportunities around the world,” said Joe Blommaert, president of Low Carbon Solutions at ExxonMobil. “We are pleased to support the Acorn Project in the deployment of CCS, one of the most important technologies required to achieve society’s climate goals.”
ExxonMobil also said it has joined NECCUS, an alliance of industry, government and academic experts committed to reducing carbon emissions from industrial facilities in Scotland.
ExxonMobil’s membership will help the alliance explore the potential of technology-driven solutions to reduce emissions by drawing on the company’s extensive global experience with carbon capture and storage. NECCUS members include the Scottish government, four leading Scottish universities and several industry partners.
The International Energy Agency projects CCS could mitigate up to 15 percent of global emissions by 2040, and the U.N. Intergovernmental Panel on Climate Change (IPCC) estimates global de-carbonization efforts could be twice as costly without CCS.
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