Equinor and Wintershall Dea have announced their plan to partner up for a large-scale CCS value chain
Norwegian oil and gas company Equinor has teamed up with German counterpart Wintershall Dea to pursue the development of an extensive CCS value chain connecting continental European carbon dioxide emitters to offshore storage sites on the Norwegian continental shelf. The partnership intends to connect Germany, the largest carbon dioxide emitter in Europe, and Norway, which has Europe’s largest carbon dioxide storage potential.
There is an extensive demand from the European region for the large-scale decarbonization of carbon-intensive industries that need safe and large-scale underground carbon dioxide storage to abate unavoidable emissions from their processes. The ambition of the Norwegian-German CCS project ‘NOR-GE’ is to make a vital contribution to reducing greenhouse gas emissions in Europe.
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