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
6 November 2025
After years of pursuing ideologically driven climate leadership, Western powers are now stepping back under mounting political pressure and rising populist opposition—prompting concern essential climate action could be sidelined
17 October 2025
The business case for CCS is strengthening as costs decline, but deployment must accelerate to align with credible net-zero scenarios
17 October 2025
The black-tie gala recognised the energy industry’s leading innovations and thought leaders from across the value chain
15 October 2025
Company warns against potential withdrawal of federal funding for emerging technology as it eyes key role for CO₂ in boosting both conventional and shale oil recovery in US
