Hydrogen project in Scotland: New investor, ADNOC, in Carbon Capture Developer Storegga

A specialist in carbon capture and storage (CCS) technology and infrastructure, Storegga is currently backed by large infrastructure and industry investors Macquarie, Government of Singapore Investment Corporation (GIC), Mitsui, Snam and M&G.

As the lead developer of the Acorn Project, the business is recognised as important for the delivery of the UK industrial decarbonisation strategy by UK Research & Innovation (UKRI) and UK Department for Business Energy & Industrial Strategy (BEIS).

The company is fully focused on CO2 reduction and removal. It also has a keen understanding of both the challenges and the opportunities that we all face in tackling climate change and working through the energy transition.

Links to news articles here:

Scottish Development International: Storegga – Carbon Capture and Storage (CCS) – Green Investment (sdi.co.uk)

Storegga: STOREGGA COMPLETES FUNDING ROUND WITH BACKING FROM EXISTING SHAREHOLDERS AND WELCOMES A NEW SHAREHOLDER

ESG Today: ADNOC Acquires 10% Stake in Carbon Capture Developer Storegga – ESG Today