Decarbonisation developer Storegga and Japanese investment firm Mitsui have signed a Memorandum of Understanding on commercialisation of Direct Air Capture (DAC) technology, supporting the development of the UK’s first such facility in North East Scotland.
Mitsui is already an investor in Storegga and the memorandum marks a closer working relationship to realise the first large-scale DAC facility in Europe, with the potential to extract one million tonnes of CO2 from the atmosphere annually.
Once developed, the project aims to provide a model for deploying the carbon reversal technology elsewhere in the UK to support net zero targets.
