Wintershall is building a CCS business
Wintershall buys into Poseidon CCS project
German independent expands UK CCS portfolio with purchase of 10% stake in Southern North Sea project from Carbon Catalyst
German independent energy company Wintershall Dea has expanded its UK CCS portfolio by acquiring a 10% stake in the Poseidon project in eastern England from developer Carbon Catalyst. The terms of the deal were not disclosed. Poseidon is scheduled to be operational by 2029 and is expected to have a total storage capacity of up to 40mt/yr, once fully developed. It has a carbon storage licence for an area in the UK Southern North Sea which covers the geological structures of the Leman gas field and offers a combination of depleted reservoirs and saline aquifers. The licence was awarded to French-owned independent oil and gas producer Perenco and Carbon Catalyst via the UK’s first CO₂ storage l
Also in this section
9 September 2024
Addition of CCS was a factor in court’s decision to overturn FERC’s authorisation for NextDecade’s Rio Grande LNG project
2 September 2024
Recently finalised investment tax credits have brought much-needed clarity for Canadian CCS developers, but carbon price uncertainty remains a concern
29 August 2024
Use of captured carbon to make synthetic fuels merits more attention from investors and policymakers
22 August 2024
C-Questra applies for onshore storage permit for site in Grandpuits as part of project to establish highly efficient DACS value chain on French soil
