Doubts over the viability of Scotland’s largest carbon capture project have been raised after a key partner in the development, Storegga, wants to sell its interest in the Acorn CCS project.

A Storegga spokesperson said the decision comes as it is progressing a structured sales process for its portfolio of assets.

“With Acorn approaching a more capital-intensive phase, and with both the UK and Scottish Governments signalling the importance of its timely delivery, we have concluded that a new long-term owner would be better placed to take the project forward. This step reflects the intentions of our existing shareholders, who have supported the company in achieving several milestones to date and are now making way for new ownership to accelerate the next phase,” a statement reads. 

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