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.