INEOS Grangemouth welcomes UK government support for Acorn Carbon Capture and Storage Project, says project is ‘fundamental’ to its investment plans in low-carbon hydrogen production and the industrial decarbonization of Scotland

August 8, 2023 (press release) –

• We welcome the UK Government’s commitment to the further development of CCUS, along with their conclusion that the Acorn Transportation & Storage system remains best placed in the Track 2 process
• As an ‘anchor source’ of carbon dioxide we will continue to actively work with our partners in the Scottish Cluster to deliver the vitally important Acorn Project
• The Acorn Project underpins our net zero commitments and our investment plans for world scale low-carbon hydrogen production at Grangemouth

INEOS at Grangemouth is delivering on its goals of being a net zero manufacturer by 2045, building on a track record of a 40% reduction in emissions since 2005, when it acquired the site. Technology and engineering are deep rooted in the DNA of our skilled and knowledgeable workforce. These will drive us forward in tackling the issues and seeking solutions towards achieving ‘Net zero’. In manufacturing lower-carbon products we will be supporting others to further reduce their carbon footprints.

The INEOS Grangemouth Net Zero Road Map includes investment in low-carbon hydrogen production to allow fuel switching and reduce emissions by more than one million tonnes each year. Access to the Acorn T&S system infrastructure underpins this investment, by enabling carbon dioxide to be transported offshore using existing pipelines and stored safely in subsea rock formations.

Colin Pritchard, Sustainability Director at INEOS Grangemouth, said, “We welcome the UK Government’s commitment to the Acorn Project. This is essential to delivering reductions of more than one million tonnes of carbon dioxide emissions each year at Grangemouth and is the next step in delivery of our net zero roadmap. It is fundamental to our investment plans in low-carbon hydrogen production and the industrial decarbonisation of Scotland.”

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