ASCO signs MoU for transformative Acorn CO₂ Project

Source: press release, 17 October 2022

ASCO’s Peterhead South Base
ASCO’s Peterhead South Base (photo: ASCO)

ASCO has signed a memorandum of understanding (MoU) with the Storegga-led Acorn Project in Aberdeenshire. The parties will explore opportunities to collaborate, with particular focus on the Acorn Port project, which seeks to utilise the Peterhead Port jetty adjacent to the ASCO South Peterhead Supply Base for import of CO2 from dedicated carriers.

The MoU further demonstrates ASCO’s commitment to supporting the development of low carbon energy as well as creating new job opportunities. Delivered from its Peterhead supply base, the north-east firm will explore opportunities for logistics and materials management services, quayside services, dedicated warehouse provisions, and environmental services for the project.

With sustainability as one of ASCO’s core values, the north-east supplier works closely with energy industry clients and partners to support the transition to low carbon solutions.

Thuy-Tien Le Guen Dang, Group Sustainability Manager, ASCO says, “As key industry players, one of our ambitions is to help support and transform the energy supply chain. Our new agreement with Storegga and the Acorn Project reinforces our commitment to sustainability. It underlines our belief in developing collaborative partnerships that not only support streamlined and leaner processes but also drive innovation to create a low carbon supply chain. The Acorn projects have the potential to deliver significant economic growth while safeguarding and creating jobs in Scotland and across the UK. Jobs will be created, initially directly by the design, equipment supply, logistics and construction activities and later through long term jobs in a resilient clean energy economy.”

“ASCO takes environmental responsibilities seriously and over many years we have invested strategically to ensure that sufficient resources are in place to prevent harm to the environment. As technology advances, we will use new innovations to ensure we take the right action to tackle climate change while continuing to deliver our high-quality service for our clients without disruption,” Le Guen Dang adds.

ASCO has committed to net-zero greenhouse gas emissions by 2040 and is actively implementing changes to the business to reduce its CO2 discharges across all three scopes: direct, indirect emissions and those attributable to business travel, handling and processing client waste and supplying to clients.