ExxonMobil to participate in carbon capture and storage project in Scotland

ExxonMobil has signed a memorandum of understanding to participate in the recently announced Acorn Carbon Capture and Storage (CCS) project in Scotland
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The project plans to capture and store around 5-6 million tonnes of carbon dioxide per year by 2030 from the gas terminal at the St Fergus complex in Peterhead, Scotland, which includes ExxonMobil's joint venture gas terminal
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The Acorn project has the potential to provide more than half of the 10 million tonnes of CO2 sequestered per year set by the UK government and, if scaled up, has the potential to sequester more than 20 million tonnes of carbon dioxide emissions per year by the mid-2030s.

"ExxonMobil has more than 30 years of experience in CCS technology and is advancing several new CCS opportunity programs around the world," said Joe Blommaert, president of ExxonMobil Low Carbon Solutions
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"We are delighted to support Project Acorn in deploying CCS, one of the most important technologies needed to meet society's climate goals
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ExxonMobil also said it had joined NECCUS, a coalition of industry, government and academic experts working to reduce carbon emissions from industrial facilities in Scotland
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ExxonMobil's membership will help the alliance leverage the company's extensive global experience in carbon capture and storage to explore the potential for technology-driven solutions to reduce emissions
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NECCUS members include the Scottish Government, four leading Scottish universities and a number of industry partners
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"Our membership in NECCUS and our engagement with Acorn underscores our commitment to addressing the twin challenges of meeting the world's energy needs while reducing emissions from our operations," Blommaert said
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"As a world leader in the development and use of carbon capture and storage, we will work with the consortium to determine how this technology can play a key role in reducing emissions in Scotland
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"NECCUS welcomes ExxonMobil to our alliance," said Mike Smith, CEO of NECCUS
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“Decarbonising industrial emissions will be a challenging but essential part of achieving the country’s 2045 net-zero emissions target
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We believe Scotland is well-positioned to deliver technologies such as carbon capture and storage and hydrogen, which are essential for achieving net zero emissions.
Necessary for zero industrial clusters.

Collaboration between organizations within NECCUS is critical to achieving this goal, and the experience that ExxonMobil brings will strengthen that collaboration
.
”