We are committed to helping solve the dual challenge the world energy markets face – increasing energy supply to meet growing demand and doing so with lower greenhouse gas (GHG) emissions.
Key to meeting this challenge is understanding what we as a company can do, directly or indirectly, to minimise the use of energy and the emission of gases that have global warming potential. All while we continue to grow our business.
We agree with the statement from the UK’s Committee on Climate Change (CCC), that carbon capture, utilisation and storage (CCUS) is critical to reducing CO2 emissions and meeting the UK’s 2050 emissions reduction targets.
Our investment in the development of the Acorn Project is an ideal opportunity to play our part, alongside our industry peers. This project aims to capture CO2 emissions from the St Fergus Gas Terminal, transporting them offshore for permanent sequestration. Subsequent build-out modules include hydrogen generation. The Acorn CCS Project is part funded by the UK Government and the European Union, and is designated as a European Project of Common Interest (PCI).