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
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
8 April 2025
STRATOS project in Texas granted Class IV permits despite deep uncertainty over Trump administration’s readiness to support carbon management tech
