This will capture and store around 5-6 MM tons/yr of CO2 from gas terminals at the St Fergus complex at Peterhead, north of Aberdeen, including ExxonMobil’s joint venture terminal, in North Sea reservoirs.
Potentially Acorn could provide over half the 10 MM tons/yr of CO2 storage the UK government is targeting, or following expansion more than 20 MMt/yr by the mid-2030s.
ExxonMobil has also joined the NECCUS alliance of industry, government, and academia pledged to reduce carbon emissions from industrial facilities in Scotland.
The alliance will assess technology-driven solutions drawing on ExxonMobil’s global experience with carbon capture and storage.
In March, the company created a Low Carbon Solutions business to commercialize low-emission technologies. The initial focusing is on CCS, injecting captured carbon into deep underground geologic formations for safe, secure, and permanent storage.