Equinor and Wintershall Dea will jointly develop carbon capture and storage projects, the oil firms said, with ideas to build a pipeline from Germany to Norway to transport and store carbon dioxide (CO2) under the North Sea. The firms would work together to establish technical and commercial solutions for the development of carbon capture and storage (CCS) across borders in Europe. According to the joint statement, the partnership intends to connect Germany, the largest CO2 emitter in Europe, and Norway, holding Europe's largest CO2 storage potential. The pipeline is expected to have a transport capacity of 20 million to 40 million tonnes of CO2 per year, equivalent to around 20% of all German industrial emissions per year.

Source: Reuters