Storegga, Shell, and Harbour Energy become equal partners in the Acorn Project

April 19, 2021

Storegga, through its subsidiary Pale Blue Dot Energy, Shell, and Harbour Energy have become equal partners in the Acorn Project, with the signing of the Acorn Development Agreement. As equal partners, Storegga, Shell and Harbour will develop Acorn through to Final Investment Decision, construction, operation and beyond.

The Acorn CCS and Hydrogen Projects could provide critically important CCS and hydrogen infrastructure, helping industries and homes across Scotland and the UK to decarbonise. It is anticipated to be operational in the mid-2020s, providing a clear pathway to help Scotland and the UK to meet their net zero targets.

Using CO2 from the St Fergus gas terminal in Aberdeenshire, from Scotland's carbon intensive industries and imported CO2 from the rest of the UK and Europe into Peterhead Port, Acorn is expected to be storing at least 5Mt/yr of CO₂ by 2030, half the CO2 emissions set out in the UK Government's Ten Point Plan for a green Industrial Revolution by 2030. Read more…