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Member News20th Jul 2021

Acorn Project partners sign MoU with St Fergus gas terminal owners

Storegga – through its subsidiary Pale Blue Dot Energy – Shell U.K. and Harbour Energy, the partners in the Acorn Project, have signed a Memorandum of Understanding with two key industrial customers on the North East coast of Scotland.

The Acorn carbon capture and storage (CCS), and Hydrogen Project will work with the owners of two of the St Fergus gas terminals on plans to capture existing CO2 emissions from their operations. Along with a third terminal at St Fergus, these process 35% of the natural gas fed into the National Grid for UK homes, businesses and power generation. Emissions from the two plants would be transported via existing oil and gas infrastructure to be stored safely and permanently in rock formations beneath the seabed.

The two St Fergus gas terminals which are in discussions with Acorn are SEGAL, jointly owned by Shell and ExxonMobil, and FUKA, owned by North Sea Midstream Partners. The companies are working towards a formal agreement to become the first customers for the Acorn CCS project.

The MoU agreement builds on the recent landmark North Sea Transition Deal, which set out a clear pathway for government and industry to drive forward the move to a low carbon energy system. It is also an important indicator of UK momentum towards that goal ahead of November’s COP26 summit in Glasgow. Read more…