The UK government has made significant strides in advancing its carbon capture and storage (CCS) initiatives with the inclusion of the Acorn and Viking projects in its ‘Track 2’ process. As part of the plan to establish two additional CCS clusters by 2030, the government aims to accelerate the nation’s efforts to combat climate change and reduce carbon emissions. Says the report from argusmedia.
- Acorn and Viking projects added to the UK’s ‘Track 2’ process, moving closer to creating two new CCS clusters by 2030.
- The projects offer promising potential to transport and store significant amounts of CO2, contributing to the UK’s ambitious climate goals.
- The government’s commitment includes £20 billion ($25.7 billion) of funding for carbon capture, usage, and storage (CCUS) over two decades.
Advancing the Agenda
The UK government has taken a significant step towards its carbon capture and storage (CCS) goals by adding the Acorn and Viking projects to its ‘Track 2’ process. This move aims to establish two additional CCS clusters by 2030, furthering the nation’s commitment to combatting climate change and reducing carbon emissions.
Promising Projects on the Radar
Acorn, situated in northeast Scotland, and Viking, located in northeast England, have caught the government’s attention for their potential to transport and store substantial amounts of CO2. Viking could handle up to 10 million tonnes per year by 2030 and 15 million tonnes per year by 2035, utilizing the depleted Viking gas field with a storage capacity of 300 million tonnes of CO2. On the other hand, Acorn, a joint venture featuring Storegga, Shell, Harbour Energy, and North Sea Midstream Partners, is expected to store “at least” 5 million tonnes per year of CO2 by 2030.
Progressing Towards Implementation
With the inclusion of Acorn and Viking in the ‘Track 2’ process, the developers will now engage in discussions and undergo assessment for the delivery plans and due diligence. This milestone will pave the way for front-end engineering and design discussions, and it brings both projects closer to final investment decisions.
A Vision for the Future
The UK government’s commitment to CCS is evident, as it sets ambitious targets to capture and store 20-30 million tonnes of CO2 per year by 2030. To support this initiative, the government has allocated £20 billion ($25.7 billion) of funding for carbon capture, usage, and storage (CCUS) over two decades. Moreover, the upcoming publication of the UK’s vision for the CCUS sector later this year reflects the country’s dedication to sustainable energy solutions.
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Source-argusmedia
