- Jul 20, 2021 10:57 am GMT
IRVING, Texas – ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project (CCS) in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil’s SEGAL joint venture gas terminal.
ExxonMobil to Participate in Acorn Carbon Capture and Storage Project in Scotland
- Carbon emissions to be captured from ExxonMobil’s SEGAL joint venture gas terminal
- ExxonMobil also joins NECCUS Carbon Capture Alliance
- Will share extensive global experience with carbon capture and storage
The Acorn Project has the potential to provide more than half of the 10 million tons per year of CO2 storage targeted by the UK government and when expanded has the potential to store more than 20 million tons of CO2 emissions per year by the mid-2030s.
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