Harbour Energy gets Track 2 status for Acorn, Viking projects
Harbour Energy
252.60p
16:39 14/11/24
Harbour Energy said on Monday that the Humber-based Viking CO2 transportation and storage network and Acorn CCS projects have been awarded Track 2 status as part of the government’s CCS cluster sequencing process.
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"Today's announcement marks an important milestone for the two projects, allowing them to move into front end engineering and design (FEED) and discussions with the government over the terms of the economic licences, ahead of final investment decisions," Habour said.
Chief executive Linda Z Cook said: "Today's announcement is an important step forward for Harbour's Viking and Acorn CCS projects and the development of the carbon capture and storage industry in the UK.
"It is also a further demonstration of the key role that the oil and gas sector is playing by using our existing infrastructure, skills and experience to build this new industry and help deliver the energy transition.
"Viking has the potential to be transformational for the Humber, the UK's most carbon intensive industrial region, creating thousands of jobs in the area and playing a vital role in supporting the UK to meet its target to capture 30 million tonnes of CO2 annually by 2030."