What is Carbon Capture Utilisation and Storage?
One area of the energy sector that everyone will be looking at following today’s budget is carbon capture utilisation and storage, however, what does that mean?
Acorn Project
Allowing its engineers to ‘shine’ gives Wood the edge in the CCS market
Chief executive of Wood (LON:WG), Ken Gilmartin, says that his firm's growth in carbon capture comes from picking work that allows its “subject matter experts shine.”
Acorn carbon capture project ‘boosts case’ for new Buchan rail links, say campaigners
Rail campaigners say a major energy scheme getting the go ahead near Peterhead boosts the case for new north-east rail links.
SNP urged to hand over promised £80m for north-east carbon capture
The Scottish Government is being urged to hand over £80 million of funding promised for carbon capture technology in the north-east.
Taking stock after a historic week for the north-east’s energy sector
The UK Government’s energy announcements this week have big implications for all parts of the sector and the drive towards Net Zero.
‘We need a sensible fiscal environment’: Harbour Energy and Equinor bosses respond to Shapps summit
"We need a stable and sensible fiscal environment,” said Harbour Energy’s CEO, in order to have confidence to invest long-term.
Scottish energy secretary hits out at UK Government ‘lack of focus’ on just transition
Scottish Energy Secretary Neil Gray has responded to the UK Government’s North Sea and CCUS announcements.
‘Defining milestone’: Acorn CCS partners hail Track 2 funding
The project partners of the Acorn CCS development, selected today for Track 2 of the UK Government’s £1bn funding competition, have hailed it as a “defining milestone”.
Flynn welcomes reports Sunak to announce carbon capture funding
The SNP's Westminster leader has welcomed reports a carbon capture scheme in Scotland is due to get the green light, claiming "now is the time to strike" on the country's green potential.
Confirmed: Aberdeenshire’s Acorn CCS selected for funding by UK Government
Acorn and the Viking project in the Humber have been selected as part of a £1bn funding competition from the UK Government.
Aberdeenshire’s Acorn CCS finally poised for Track 2 funding announcement
"I’m delighted the Acorn project at St Fergus has been selected for development in Track 2” said Banff and Buchan MP David Duguid.
UK Government plans carbon capture support during ‘Energy Week’
Support for Carbon Capture and Storage (CCS) is planned as part of the UK Government’s upcoming Energy Week.
Delays to UK CCS process causing companies to reallocate resources, says OEUK
Carbon capture and storage (CCS) projects in the US and Europe are benefiting from repeated delays to the UK’s rollout of the emissions busting technology.
Acorn CCS: Industry leaders tell government to get a move on
Meanwhile First Minister Humza Yousaf called for an end to "dithering and delay" for Acorn CCS funding.
Acorn CCS developer Storegga doubles down on ’significant investment’
Aberdeen-based Storegga doubled down on spending during 2022 as its costs and investments surged.
Energy Security Day: Acorn CCS ‘leading contender’ for Track 2 funding, says UK Gov
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.
Tories told to finally end the north-east’s long wait for carbon capture cash
The Conservative government at Westminster has been told it must immediately “cough up” carbon capture cash for the north-east.
Sir Ian Wood urges govt to confirm Acorn will benefit from £20bn CCS pot
Westminster is being pressed to confirm a portion of its carbon capture and storage (CCS) cash will go to Aberdeenshire’s Acorn project.
‘We’ve waited too long’: Peterhead Port tells Chancellor to speed up as Acorn CCS delay rumbles on
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 confirms £20bn CCS package – but Acorn backers must continue wait
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.
Timeline: Acorn CCS’ long road towards mighty oak
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.
Updated: MPs call on Chancellor to back Acorn CCS in Spring Budget
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.
‘Massive disconnect’ between transition policy and fiscal system, says OEUK
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.
Fund Acorn CCS project, MP tells Sunak
The SNP is calling on the UK Government to “put its money where its mouth is” on carbon capture funding after a Scottish project was “snubbed”.
Energy secretary calls for ‘concrete timeline’ on Track 2 CCUS projects
Scottish politicians have again pressed the UK government for certainty over the timeline for a major north-east carbon capture and storage project.