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        Storegga Geotechnologies, a UK-based carbon capture and storage (CCS) solutions provider, has appointed Tim Stedman as its new CEO, effective May 1, 2024.
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        Stedman will take over from Nick Cooper, who will move to the role of executive chair. Former executive chair Alan Booth will remain on the board as a non-executive director.&nbsp;
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        Stedman was previously CEO of Agilyx Corporation, a leader in recycling technologies that enable a circular economy. He also held senior positions at Trinseo, where he developed the company's M&amp;A strategy and oversaw its plastics and feedstock businesses and global supply chain. He dedicated more than 20 years of his career to various leadership roles at ExxonMobil.
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    <a href="https://storegga.earth/news/storegga-announces-leadership-change-and-transition-tim-stedman-to-become-ceo-nick-cooper-to-assume-executive-chair-role">
      Press release
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Carbon Capture, Utilization & Storage (CCUS)

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 <p>Storegga Geotechnologies, a UK firm offering carbon capture and storage (CCS) solutions, has announced that Tim Stedman will be its new CEO, starting from May 1, 2024.</p>
 <p>Nick Cooper, current CEO, will transition into an executive chair role. Alan Booth, the previous executive chair, will continue as a non-executive director on the board.&nbsp;</p>
 <p>Prior to this appointment, Stedman served as CEO for Agilyx Corporation, a prominent company in recycling technologies promoting a circular economy. He has also held significant roles at Trinseo, formulating the company's M&amp;A strategy and managing its plastic and feedstock ventures, as well as its global supply chain. Stedman has over 20 years of experience in various leadership roles at ExxonMobil.</p>
 
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Storegga appoints Tim Stedman as new CEO

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<p>UK-based firm, Storegga Geotechnologies, specialising in carbon capture and storage (CCS), recently closed its fourth funding round. The financial specifics remain unrevealed. The investment round saw participation from its existing investors, GIC and Macquarie, with a fresh influx of capital from ADNOC, an Abu Dhabi-based energy and petrochemical group. The funds are earmarked for ongoing project execution and business expansion. After this round, ADNOC secured a 10.1% equity stake in Storegga, marking its first international equity investment in CCS. Both companies intend to quicken global CCS projects via their cooperation.</p>
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Storegga receives investment from ADNOC

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PROMINENT_CATEGORY

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  <li><p>Svante, a Canadian carbon capture startup, and Storegga Geotechnologies, a UK-based carbon capture and storage (CCUS) solutions provider, have signed a Memorandum of Understanding (MOU) to develop CCUS projects aiming to reduce global carbon emissions at a gigaton scale. </p></li>
  <li><p>Svante's carbon capture and removal filter technology and Storegga's CO2 transportation and storage expertise will be combined to evaluate and develop large-scale CCUS projects, strengthening partnerships across the CCUS value chain.</p></li>
  <li><p>Storegga collaboration follows Svante securing a commercial agreement with BASF in October 2023.</p></li>
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Svante partners with Storegga to commercialize CCUS projects

Storegga Geotechnologies, in collaboration with Shell, Harbour Energy, and North Sea Midstream Partners (Acorn Consortium), has been granted CO2 storage licenses by the North Sea Transition Authority. This allows them to proceed with their carbon storage projects known as Acorn East and East Mey. The licenses permit carbon sequestration in the Sean and Indefatigable gas fields and a saline aquifer near Humberside. These licenses will enable Acorn to increase its carbon storage capacity to approximately 240 metric tons of CO2.

All Updates

Storegga appoints Tim Stedman as new CEO

Storegga receives investment from ADNOC

Svante partners with Storegga to commercialize CCUS projects

Storegga and partners receive licenses for Acorn carbon storage projects

Storegga and partners secure Trudvang CCS license

Storegga partners with Sval and Neptune for CO2 storage license

Storegga launches new entity “Storegga Americas”

Storegga partners with Aker Carbon Capture

Storegga raises GBP 51.3 million

Storegga partners with ScottishPower for green hydrogen