Bank of England governor Andrew Bailey has visited Peterhead port for a brief on the carbon capture and storage ambitions of the north-east of Scotland.
The Acorn CCS project in Aberdeenshire is to expand after being awarded fresh carbon storage licences in the North Sea.
“This green light means we know that we can just get on with it now.”
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”.
Aberdeen-based Storegga doubled down on spending during 2022 as its costs and investments surged.
New reforms proposed for the UK’s emissions trading scheme (ETS) would see carbon-removing technologies added to the market, in a move aimed at boosting investment in the sector.
North and north-east Scotland aim to be at the centre of the emerging hydrogen economy – but where will all those low-carbon energy supplies come from?
Backers of the Scottish Cluster and the north-east’s Acorn carbon capture project welcomed news that the scheme is a frontrunner for the government’s Track 2 funding process.
Funding for a 3GW hydrogen production site in Kintore, alongside projects to decarbonise Highland transport and whisky, has been unveiled.
Sval Energi, Storegga and Neptune have applied for a CO2 storage licence in the Norwegian North Sea as part of the country’s recent acreage round.
Screening legacy wells can be more important than 3D seismic when picking storage areas, Elaine Campbell said. “They provide valuable data but they’re also likely to be the highest risk to containment,” the Storegga official said.
In 2015, we set the goal of limiting global warming to less than 1.5 degrees Celsius. However, the latest UNFCCC estimates show that we are far exceeding this limit.
A consortium of North Sea companies have launched a new initiative to create a “Hydrogen Highway” from Scotland to Rotterdam.
Japanese trading house Mitsui is seeking carbon storage sites across Asia Pacific as it aims to sequester 15 million tonnes per year by 2035 for companies in Japan.
Storegga has unveiled new branding ahead of its chief executive's appearance at the COP 27 conference in Egypt this week.
Malaysian national oil company Petronas has signed a memorandum of understanding (MoU) with UK-based Storegga, a developer of carbon storage and clean fuels, to assess and determine the commercial, regulatory, and economic factors needed for the development of carbon capture and storage (CCS) hub and cluster projects in Malaysia.
A Labour government will create a publicly-owned energy company within its first year in office, Sir Keir Starmer has announced.
UK-based decarbonisation developer Storegga has launched a new Americas business, led by the former head of Norwegian independent Noreco.
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.
Green freeport win in Inverness and Cromarty Firth could fast-track £1bn investment in region – partners
Hydrogen partners ScottishPower and Storegga have backed Opportunity Cromarty Firth’s (OCF) green freeport bid although the carbon storage specialist is also supporting a rival Aberdeen and Peterhead harbour application.
Malaysian national oil company Petronas has signed a memorandum of understanding with Japan’s Mitsui for the conceptual and feasibility studies on the carbon capture and storage (CCS) value chain, including the evaluation of carbon dioxide (CO2) storage sites in Malaysia. Significantly, Mitsui is a shareholder in UK-based carbon management business Storegga, that is developing the Acorn CCS project.
Storegga, the company behind the Acorn CCS facility near Peterhead, has signed a “groundbreaking” collaboration deal with Aker Carbon Capture (OSLO: ACC).
Storegga has urged the UK Government to “push the button” on emissions-busting technology which could create thousands of jobs in Aberdeenshire.
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.