INEOS and Petroineos join Acorn CCS Project

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INEOS Chemicals Grangemouth, INEOS FPS and Petroineos have signed a Memorandum of Understanding with the Acorn CCS Project to work together on Scotland’s first carbon capture and storage system.

The Acorn project - located in Aberdeenshire, Scotland and currently in its engineering and design phase of development - is one of the UK’s most mature CCS and hydrogen projects. Due to be operational by the mid 2020s, Acorn aims to achieve more than half of the 10Mt/yr of CO2 storage targeted by the government’s ten point ‘green industrial revolution’ plan by 2030.

Announced on 9 July, 2021, the agreement aims to pave the way for a CCS system linking Scotland's industrial heartland to the Acorn CO2 transport and storage system in North East Scotland by 2027. 

INEOS and Petroineos own and operate one of Scotland’s largest manufacturing sites at Grangemouth. Since taking ownership in 2005, CO2 emissions at the site are said to have been reduced by 37 per cent. Once operational, the proposed CCS system is expected to further reduce emissions at the site to more than 50 per cent compared with 2005.

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