MEMBER NEWS: Sir Ian wants UK Government to confirm financial support for Acorn

March 22, 2023
MEMBER NEWS: Sir Ian wants UK Government to confirm financial support for Acorn

Sir Ian Wood has urged the UK Government to confirm that part of its £20billion carbon capture utilisation and storage (CCUS) pot will go to the Acorn project in Aberdeenshire.

He said the announcement of the CCUS funding in the Budget was welcome – even though there was no specific mention of the St Fergus scheme from the chancellor last Wednesday.

Acorn – the backbone of a wider Scottish “cluster” of carbon-capture initiatives – is currently only a reserve project after it missed out on track-one status.

Details for track two are expected imminently, and the north-east development is expected to make the cut this time.

Read the full story on the Aberdeen & Grampian Chamber website here.

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