June 2017

CO2DeepStore sign multiparty MoU with China to explore investment in the Acorn CCS project in North East Scotland

The Memorandum of Understanding (MoU) provides for the UK-China Guangdong CCUS Centre (GDCCUSC), New Silk Road Energy and CO2DeepStore to jointly identify Chinese investment for the Acorn CCS project in North East Scotland following China’s Belt and Road initiative.

GDCCUSC and CO2DeepStore will also jointly facilitate two-way knowledge transfer between the Acorn CCS Project and the Guangdong Offshore Carbon Capture Utilization and Storage Project (GOCCUS), two flagship projects in the UK and in Guangdong, China respectively.

Full press release: British and Chinese Companies Develop Energy and Climate Change Innovation and Financing Platform Together