Mitsui to invest in Scots carbon project

UK-Japan News April 2021

St Fergus gas terminal in Aberdeenshire Photo: Callan Chesser

According to a Reuters article posted on 3 March, Mitsui & Co., Ltd has announced its investment in a British carbon capture and storage (CCS) project, and has taken a 15.4 percent share in Storegga Geotechnologies Ltd. The latter firm is developing projects to store carbon dioxide emissions in empty oil and gas reservoirs. A wholly owned subsidiary of Storegga Geotechnologies—Pale Blue Dot Energy—will lead the project, which is expected to be up and running by the mid-2020s. The project is expected to capture about 340,000 tonnes of CO2 emissions at the St Fergus gas terminal in Aberdeenshire, Scotland.