Carbon Catalyst completes farmout of 10% interest in Poseidon Carbon Capture and
Storage (CCS) project to Wintershall Dea
Carbon Catalyst Limited (CCL) has completed the farmout of a 10% working interest in the
Poseidon carbon storage licence located in the Southern North Sea sector of the UK
Continental Shelf. Wintershall Dea joins CCL and licence operator, Perenco, in this potentially
world-class mass decarbonisation project.
Poseidon marks Wintershall Dea’s entry into a second UK CCS project and fifth in the wider
North Sea, including the Greensands CCS project in the Danish North Sea. In March 2023,
together with INEOS, Wintershall Dea successfully demonstrated the first full cross-border CCS
value chain in Europe with the pilot injection of CO2 from a Belgian emitter which were safely
stored in the depleted Nini West oil field.
Fergus Marcroft, Executive Director at Carbon Catalyst, commented:
“CCL is delighted to welcome Wintershall Dea to the Poseidon CCS project. Wintershall Dea
brings considerable relevant experience to the project, not least its experience of the
Greensands CCS project in Denmark which earlier this year performed the first cross-border
CO2 injectivity test.”