The Acorn Carbon Capture and Storage (CCS) project in Aberdeenshire is a “leading contender” for development in a newly-launched funding round, the UK Government said today.
A Peterhead industry boss has told the Chancellor to pick up the pace on support for the Acorn CCS project – warning the region has “waited too long for this as it is”.
Chancellor Jeremy Hunt has confirmed a £20bn government support package for CCS, but developers of a flagship north east scheme must wait for further details.
The path has not run smooth for the north east’s Acorn CCS project, however new funding commitments in the Spring Budget may finally see the pioneering plans take root.
Scottish politicians urged Westminster to unlock funding for the Acorn carbon capture and storage project in the upcoming Budget and slammed slow progress on low-carbon development.
The UK’s offshore trade body said that the government’s energy transition ambitions do not match up with the ‘unpredictable’ fiscal policies surrounding oil and gas.
The Secretary of State for Scotland said “ripples of economic growth” will be felt throughout Scotland following the creation of its first green freeports, despite the north-east having been snubbed.
Aberdeen South MP Stephen Flynn was yesterday crowned as the SNP’s Westminster leader and has been tipped to take a ‘constituency interest’ in energy matters, particularly when it comes to policy affecting the future of the North Sea.
The Autumn Budget is passed and Xmas is on the horizon - so government pledges of more work "this year" to bring vital emissions-busting CCS projects online are in question.
Scottish energy secretary Michael Matheson has backed an extension to the North Sea windfall tax, and said he would broaden it to a range of other industries.
The developers of the Acorn project say they hope the scheme can be online by 2027 but are wary of further delays to government support packages, as ministers met this week to discuss decarbonisation efforts.
A major engineering and design contract has been awarded for what is expected to become Scotland’s first carbon capture-enabled power plant at Peterhead.
Storegga, the company behind the Acorn CCS facility near Peterhead, has signed a “groundbreaking” collaboration deal with Aker Carbon Capture (OSLO: ACC).
Partners behind an ambitious plan to create 30,000 jobs across the north east have called for governments in Holyrood and Westminster to back its proposal to create a "green freeport" in Aberdeen and Peterhead.
Storegga is behind multibillion-dollar emissions-busting plans for north-east Scotland, including the Acorn carbon capture and storage (CCS) project. CEO Nick Cooper sits down with Energy Voice to assess the landscape.