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