We help energy intensive businesses reduce their carbon emissions
We want to capture carbon dioxide, compress it, transport it offshore and permanently store it deep underground, forever removing it from the atmosphere.
Captured CO₂ needs to be transported to a permanent storage location offshore deep below the seabed.
If the storage site is located near the emissions sources, dedicated local pipelines or hauliers can transport CO₂ to the offshore pipeline connection point. CO₂ from further afield can be transported via ship to a deep water port near the offshore pipeline connection point. It is then sent by pipeline to the deep underground store by an existing offshore pipeline. Direct air capture plants will also be developed, where possible, in the vicinity of the entry point to the CO₂ storage reservoir pipeline.
Access to significant, secure geological storage is fundamental to the Storegga business model, starting with our flagship project, Acorn, in North East Scotland.
Today, just 40 million tonnes of CO₂ a year are stored globally. The UK alone emits approximately
360 million tonnes a year of CO₂ , meaning current storage levels are just a fraction of what is required. Some predict that five gigatons (that’s a billion tonnes) of CO₂ storage will be required globally by 2050, meaning the world will need about 2,000 CCS projects to be operating efficiently and safely, and at scale, by the middle of this century.