MEMBER NEWS: ASCO signs MoU for transformative Acorn CO2 project

October 18, 2022
MEMBER NEWS: ASCO signs MoU for transformative Acorn CO2 project

ASCO has signed a memorandum of understanding (MoU) with the Storegga-led Acorn Project in Aberdeenshire. The parties will explore opportunities to collaborate, with particular focus on the Acorn Port project, which seeks to utilise the Peterhead Port jetty adjacent to the ASCO South Peterhead Supply Base for import of CO2 from dedicated carriers.

The MoU further demonstrates ASCO’s commitment to supporting the development of low carbon energy as well as creating new job opportunities. Delivered from its Peterhead supply base, the north-east firm will explore opportunities for logistics and materials management services, quayside services, dedicated warehouse provisions, and environmental services for the project.

With sustainability as one of ASCO’s core values, the north-east supplier works closely with energy industry clients and partners to support the transition to low carbon solutions.

Thuy-Tien Le Guen Dang, Group Sustainability Manager, ASCO said: “As key industry players, one of our ambitions is to help support and transform the energy supply chain. Our new agreement with Storegga and the Acorn Project reinforces our commitment to sustainability. It underlines our belief in developing collaborative partnerships that not only support streamlined and leaner processes but also drive innovation to create a low carbon supply chain. The Acorn projects have the potential to deliver significant economic growth while safeguarding and creating jobs in Scotland and across the UK. Jobs will be created, initially directly by the design, equipment supply, logistics and construction activities and later through long term jobs in a resilient clean energy economy.

“ASCO takes environmental responsibilities seriously and over many years we have invested strategically to ensure that sufficient resources are in place to prevent harm to the environment. As technology advances, we will use new innovations to ensure we take the right action to tackle climate change while continuing to deliver our high-quality service for our clients without disruption.”

ASCO has committed to net zero greenhouse gas emissions by 2040 and is actively implementing changes to the business to reduce its CO2 discharges across all three scopes: direct, indirect emissions and those attributable to business travel, handling and processing client waste and supplying to clients.

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AREG is the original energy transition organisation, working on behalf of members to empower the energy supply chain and champion its expertise. Please get in touch if you have any questions or would like to find out more about membership.

AREG has played an important role in the growth of Scotland’s renewable energy sector, engaging the supply chain and developing the European Offshore Wind Deployment Centre. However, we are only at the very beginning of the transition that AREG was established to both lead and support so there are still opportunities for companies to get into the constantly evolving renewables supply chain. We look forward to continuing our work together as renewables builds on its place as Scotland’s main source of power, and as we seek to deliver real change in the crucial areas of heat and transport.

Scottish Renewables

Aberdeen & Grampian Chamber of Commerce has worked closely with AREG since its formation. The recent progress in the developments of offshore wind projects by Equinor and Vattenfall are as a result of the work of the group over many years. The north-east is known as the oil and gas capital of Europe. At the Chamber, we believe the region must evolve its position to being recognised as the energy capital. Whilst hydrocarbons will continue to be essential in driving our economy for years to come, the generation of renewable resources will play an increasingly important role in providing cost-effective power, innovative development and economic growth.

Aberdeen & Grampian Chamber of Commerce

The enthusiasm and dedication of the early group that would become AREG was fundamental in us choosing to launch All-Energy in Aberdeen. The first tiny show was held in 2001, and AREG’s Chairman at the time, Jeremy Cresswell, played such an active role that I often describe him in terms such as All-Energy’s ‘midwife’. All-Energy is now the UK’s largest renewable and low carbon energy exhibition and conference in terms of number of attendees, space booked, and number of exhibiting companies. As AREG became firmly established, their presence and support for the event grew spectacularly over the years. We thank them most sincerely for their invaluable input.


Vattenfall has forged a strong working relationship with AREG through the development of the European Offshore Wind Deployment Centre. AREG has worked tirelessly on behalf of the North East and it can take enormous credit for the growth of sustainable energy in the region and the path it has cleared for the region to capture further investment.


Aberdeen City and Shire is emerging as a key location for renewables by successfully transferring its world-class oil and gas expertise into the sector and AREG has done much to advance this through a broad range of initiatives. It has acted as a catalyst in driving further investment in the local economy by engaging with companies, Government, public bodies and existing projects and we have been pleased to support their efforts. Scottish Enterprise will continue to engage with AREG as we increase Scotland’s use of renewable energy.

Scottish Enterprise