Emerging projects in Scotland32 Sample Clauses

Emerging projects in Scotland32. Overview: Acorn is a project being developed and led by Pale Blue Dot in the North East of Scotland. The project proposes to provide a low-cost CO2 storage service by repurposing oil and gas infrastructure and storing CO2 in an open aquifer in the Central North Sea. There are multiple potential storage sites off the coast of Scotland in the North Sea, with several having been explored in past competitions. For the Acorn CCS project, two potential stores are being considered: Acorn CO2 Storage Site (with a total storage capacity of 152 MtCO2) and East Mey (500 MtCO2 capacity). The project plans to start operations in 2024, with initial capture from St Fergus Natural Gas Terminal and subsequent potential to provide storage services to the broader area. This would include the planned neighbouring blue hydrogen production site (Acorn Hydrogen), other local CO2 sources (such as Peterhead power station), and potentially further afield emitters via conversion of the Feeder 10 gas pipeline. This could allow the site to connect via pipeline to the Grangemouth industrial cluster. It is expected that the site could also receive CO2 imports from elsewhere in the UK and/or from Europe via ship, commencing in the mid-2020s. Recently the Acorn project also signed a memorandum of 32 Acorn project website and Element Energy analysis of public information understanding with Carbon Engineering for deploying Direct Air Capture (DAC) in Scotland. Figure 10: Infographic of the Acorn project33 Progress and support: Overall, the concept is mature, with the region having been part of the previous UK CCS competitions and with Pale Blue Dot having experience in the space for over 5 years. The project received £31m in the 2020 Industrial Strategy Challenge Fund round. Project progress will be dependent upon the emerging UK CCUS business models.
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