ExxonMobil joins the Acorn CCS project

ExxonMobil joins the Acorn CCS project

19 Jul 2021

ExxonMobil has signed a memorandum of understanding to participate in the recently announced Scottish Acorn Carbon Capture and Storage Project (CCS). By 2030, the project plans to capture and store approximately 5-6m tons of CO2 per year from gas terminals at the St Fergus complex at Peterhead, which includes the joint venture gas terminal owned by ExxonMobil.

The Acorn project has the potential to provide more than half of the 10m tons of CO2 storage set by the UK government each year, and after expansion, it is possible to store more than 20m tons of CO2 emissions by the mid-2030s.

ExxonMobil has also announced that it has joined NECCUS, an alliance of industry, government and academic experts committed to decreasing carbon emissions from industrial facilities. The company’s membership will help the alliance explore the capacity of technology-driven solutions to reduce emissions.

For more information, please visit EICDataStream.

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