Wintershall Dea And Hes Wilhelshaven Tank Terminal Sign Mou To Develop a CO₂ Hub
10.18.2022 By Ella Keskin - NEWS

October 18, 2022 [Tank Store Mag] – Wintershall Dea and HES Wilhelmshaven Tank Terminal have signed an MoU to jointly develop CO2nnectNow, a CO₂ hub at HES Wilhelmshaven Tank Terminal.

 

It is expected that CO₂, which cannot be avoided in the industrial process, will be captured from German industrial sites and transported to the planned CO₂nnectNow hub.

From there, the CO₂ will first be shipped, later transported via pipeline, from Germany’s only deep-water port to geological formations in the Norwegian and Danish North Sea to be permanently and safely stored.

HES Wilhelmshaven Tank Terminal was selected as the home for CO₂nnectNow due to its strategic location, deep draft quay, and extensive industrial and rail infrastructure. A study has been launched to determine the feasibility of the project, with its results expected to be received in 2023.

In May 2022, Wintershall Dea, Europe’s leading independent gas and oil company, presented BlueHyNow, a planned project to produce large quantities of hydrogen from natural gas in Wilhelmshaven. It is expected that the CO₂ generated by BlueHyNow will also be captured and collected at CO₂nnectNow.

Wintershall Dea has recently announced a partnership with Equinor aiming to connect Germany and Norway via a 900-kilometre CO₂-pipeline. The pipeline is estimated to have an annual capacity of up to 40 million tonnes by 2032 and will enable the safe transportation of CO₂ from the German coast to the Norwegian North Sea.

“Only with CCS, Germany can achieve its climate targets. The North Sea, especially Norway and Denmark, offers enormous potential and Wilhelmshaven is perfectly located in Northern Germany. We are delighted to have found an experienced and locally rooted partner in HES to mature our CO₂nnectNow project,” said Klaus Langemann, senior vice president, carbon management & hydrogen, at Wintershall Dea.

 


Pro Trial: Access 11,340 Tank Terminal and Production Facilities

11,340 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Will Brent Break Below $70 This Year?
03.28.2023 - NEWS
March 28, 2023 [OilPrice.com] – Brent oil prices briefly slumped to $70 per barrel on Monda... Read More
Oil Updates: Crude Price Falls; Goldman Sachs Cuts Brent Oil Forecasts
03.28.2023 - NEWS
March 28, 2023 [ARAB NEWS] – Oil prices fell on Monday to their lowest in 15 months on conc... Read More
Oil Falls in Asian Trade as US Crude Inventories Rise Unexpectedly
03.28.2023 - NEWS
March 28, 2023 [Herald LIVE] – Traders await US Energy Information Administration data and ... Read More
Biggest Oil Traders Avoiding Russian Business
03.28.2023 - NEWS
March 28, 2023 [RIGZONE] – The world’s biggest oil traders say they are still avoiding ha... Read More