Acorn is one of the leading UK CCS and hydrogen projects. It can be operational by the mid 2020’s, providing a clear pathway for the UK to meet its net zero targets.
With ready access to existing offshore pipelines and well understood CO2 storage resource, including the licensed Acorn CO2 Storage Site, Acorn can provide a fast and cost-efficient way of establishing this essential net zero infrastructure.
This first phase of Acorn CCS offers a low capital cost start, that can be delivered by the mid-2020s – establishing the critical CO2 transport and storage infrastructure required for rapid build-out, including Acorn Hydrogen and the import of CO2 to St Fergus from ships at Peterhead Port and from Scotland’s industrial cluster in the Central Belt.
30% of the UK’s known CO2 storage resource (23.8Gt) lies within 50km of the offshore pipeline corridors at St Fergus. This resource could store the equivalent of 65 years of the UK’s 2018 emissions to enable the UK’s transition into a net zero future.
Acorn’s ready access to extensive CO2 storage will create an opportunity to support the UK with its decarbonisation goals, but also provide an opportunity to support the UK’s balance of payments, by importing CO2 from Europe, where there is less CO2 storage potential and provide a skills export opportunity as other countries around the world embrace the CCS technologies and processes pioneered at Acorn. This will help to subsidise the cost of decarbonising British industry, helping to keep it competitive.
Designated a European Project of Common Interest (PCI), Acorn is an important catalyst for clean growth opportunities in Scotland and in regions where CO2 transport and storage is limited. Acorn can help transform our carbon intensive industries into low carbon industries and sustain jobs.