Harbour has a 30 per cent non-operated interest in the Acorn project, alongside Storegga, Shell and North Sea Midstream Partners. Acorn is developing projects to capture and store CO2 emissions and establish hydrogen infrastructure in Scotland. CO2 emissions will be captured from a range of emitters including the St Fergus gas terminals, Peterhead power station and a National Grid-owned feeder pipeline which will transport emissions from the Grangemouth and Mossmorran industrial areas. Acorn is expected to store at least 5 million tonnes of CO2 per year by 2030, and is designed to service multiple emitters around Scotland, the UK and Europe. The transport and storage system will use the Goldeneye pipeline to transport CO2 for sequestration in depleted reservoirs initially. During 2023, alongside the Viking CCS Project, the Acorn Project was also awarded Track 2 status in July as part of the UK Government’s CCS regulatory process. Following its first storage licence award in 2018, Acorn was also granted licences from the UK North Sea Transition Authority in 2023. The licences were awarded for the Acorn East and East Mey CO2 stores, expanding its transport and storage system’s capacity deep beneath the North Sea to around 240 MtCO2 .

The Scottish Cluster

Acorn and a cross-sector group of Scottish industrial CO2 emitters, formed the Scottish Cluster as part of a campaign calling on the Scottish and UK Governments to deliver the actions needed so that CCS, hydrogen and other low carbon technologies, can enable the decarbonisation of Scottish and UK industry and facilitate a low carbon economy.