CHALLENGE
The Government of the United Kingdom (UK) recently announced funding of studies for the UK's first Carbon Capture and Storage (CCS) project. The Oil and Gas Authority UK has awarded its first carbon dioxide (CO2) appraisal and storage licence as an independent regulator.
The award has been made to Pale Blue Dot Energy for the Acorn Carbon Capture and Storage (CCS) Project.
Securing this lease option from Crown Estate Scotland is a really important step to help us develop one of the UK’s first CO2 transportation and storage networks. Through Acorn CCS, The UK can use legacy oil and gas assets to deliver environmental benefits, unlocking CO2 transportation and storage solutions for other carbon capture usage and storage (CCUS) projects along the east coast of the UK.
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If you require more information, please contact your local Genesis representative.