Wintershall bets on CCS in post-Russia transition
German independent oil and gas company evaluating multiple CCS projects but returns will not initially match E&P, COO Dawn Summers tells Carbon Economist
German independent oil and gas company Wintershall Dea has built up a pipeline of c.15 active or potential CCS development projects spanning Europe and the Mena region as it looks to position itself as a major provider of carbon management services in the wake of its costly exit from Russia. The immediate focus is connecting German industrial emitters with CO₂ storage on the Norwegian continental shelf (NCS). The company is also assessing CCS opportunities in Egypt and in Algeria, the latter in conjunction with blue hydrogen production, as it embarks on a growth plan aimed at developing enough capacity to abate 20–30mn t/yr of CO₂ by 2040, COO Dawn Summers tells Carbon Economist. “We are def
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity