Storegga and Talos Energy form Carbon Capture and Storage Joint Venture along the U.S. Gulf Coast and Gulf of Mexico
8 June 2021
Storegga, a UK company pioneering carbon reduction and removal projects, and Carbon Engineering (“CE”), a leading Direct Air Capture (“DAC”) provider, today announced they have begun engineering and design of a DAC facility that will permanently remove between 500,000 and one million tonnes of carbon dioxide from the atmosphere annually. Targeted for North-East Scotland, the proposed facility will be the first large-scale facility of its kind in Europe and the partners are aiming for it to be operational by 2026. Once complete, it will be a model for how this clean infrastructure can be deployed across the continent to help achieve critical net zero targets, while also creating thousands of local jobs and businesses.
Following a successful feasibility study in the first half of 2021, Storegga and CE, have commenced preliminary engineering and design of the proposed facility, also known as Pre-Front End Engineering and Design (“Pre-FEED”). This work will focus on engineering design, further developing costs, and economic modelling of a DAC plant in North-East Scotland. A shortlist of potential sites has been identified with the final preferred site to be selected as part of this work. The project will complete in Q1 2022, with detailed engineering expected to follow in Q2 2022.
Scotland offers numerous advantages for the deployment of DAC projects, including abundant renewable energy sources to power the technology, existing infrastructure that can be redeployed, and a skilled workforce from the North Sea oil and gas industry that have the skills needed to develop and operate DAC plants. Scotland also offers significant offshore storage sites where the captured atmospheric carbon dioxide can be safely and permanently stored deep below the seabed.
“We are pleased to announce the beginning of the Pre-FEED study for our proposed large-scale DAC facility in North-East Scotland,” said Nick Cooper, CEO of Storegga. “This announcement follows our recent funding from the UK Government’s Department for Business, Energy and Industrial Strategy under the Direct Air Capture and Greenhouse Gas Removal Technology Innovation Programme Award.
“DAC technology is critical to remove large quantities of CO2 from the atmosphere in order to meet our climate goals. The development of a DAC facility in the UK will put our country on the map as being at the forefront of net negative technologies and the technology will enable hard to abate sectors create plans to reach net zero emissions.”
DAC technology, when combined with secure geological storage, delivers the permanent and verifiable removal of carbon dioxide from the air, reversing the emissions process. For sectors of the economy that are currently challenging to decarbonise directly, such as aviation, shipping, and oil and gas, this form of greenhouse gas removal provides an effective way to address their carbon footprint and achieve net zero targets. It also delivers a mechanism to eliminate emissions from the past, providing a tool to achieve full climate restoration.
“In recent years we’ve observed a growing recognition of the need for large-scale removal of carbon dioxide from the atmosphere,” said Steve Oldham, CEO of CE. “At Carbon Engineering, we’ve spent the last decade optimising a highly scalable and affordable solution for removing carbon from the air and now our focus is on global deployment to help meet the climate challenge.
“Our first one megaton DAC facility is underway in the US, and we’re thrilled to be working with Storegga to develop a large-scale facility in the UK – the first of its kind and size in Europe. These facilities will demonstrate that large-scale DAC technology is a feasible, affordable and available tool that is ready to help bring global emissions down to net zero, and eventually net negative.”
Whilst DAC facilities can be located almost anywhere in the world, when the captured carbon dioxide is being permanently stored underground, the optimal location is directly adjacent to appropriate
geological storage sites. Locations being considered by the partnership for this facility are in proximity to the Acorn CCS project. Acorn is one of the most mature UK CCS and hydrogen projects and is positioned to be the most cost-effective and scalable CCS project in the UK. The Acorn project is currently in the detailed engineering and design phase of development and is planned to be operational by the mid 2020’s. DAC, CCS and hydrogen technologies are complementary solutions that provide key tools for the UK to meet its net zero targets.
For further information please contact:
Camarco (PR and Media)
Billy Clegg, Monique Perks, Tom Huddart 020 3757 4983
Madano (Public Affairs)
Andrew Turner, Neil Stockley, James Watson 07702 962043
Carbon Engineering contacts:
Notes to Editors
Storegga is an independent, UK-based carbon management business at the forefront of the global Net Zero strategy. It aims to champion and deliver carbon capture and storage (“CCS”), hydrogen, and other subsurface renewable projects in the UK and internationally to accelerate carbon emission reductions.
Through its wholly owned subsidiary, Pale Blue Dot Energy, Storegga is the lead developer of the Acorn Carbon Capture and Storage (“CCS”) and Hydrogen project, providing essential infrastructure to help the UK meet its net zero targets.
The Acorn Project will provide critical backbone infrastructure for the Scottish Cluster. The Scottish Cluster unites communities, industries and businesses to deliver CCS, hydrogen and other low carbon technologies, supporting Scotland, the UK and Europe to meet net zero goals.
Storegga has partnered with leading engineering and technology groups at the forefront of their fields to accelerate infrastructure development. The Company has partnered with Carbon Engineering to develop Direct Air Capture (“DAC”) in the UK.
For more information on Storegga, Pale Blue Dot or Acorn contact email@example.com or 020 3757 4980
For more information on the Acorn CCS and Hydrogen Project, please visit: About Acorn – Acorn CCS – https://theacornproject.uk/about/