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ExxonMobil will participate in carbon CCS projects in Scotland
ExxonMobil has signed a memorandum of understanding to participate in the recently announced Acorn Carbon Capture and Storage (CCS) project
in Scotland.
The project plans to capture and store approximately 5 million ~ 6 million tons of CO2 per year from the natural gas terminal at the St Fergus complex in Peterhead, Scotland, including ExxonMobil's joint venture gas terminal
, by 2030.
The Acorn project has the potential to provide more than half of the 10 million tonnes of CO2 sequestration set by the UK government each year, and if scaled up, has the potential to sequester more than 20 million tonnes of CO2 per year by the mid-2030s
.
ExxonMobil said it had joined NECCUS, a consortium of industry, government and academic experts committed to reducing carbon emissions
from Scotland's industrial facilities.
ExxonMobil's membership will help the alliance leverage the company's extensive global experience in carbon capture and storage to explore the potential of technology-driven solutions to reduce emissions
.
