Wintershall Dea, YPF, Dow to explore CCS opportunities in Argentina
SUMMARY
The companies will work closely to identify suitable CCS locations in the vicinity of the Bahía Blanca port industrial complex.
By Shardul SharmaGermany's Wintershall Dea, YPF, Argentina’s national energy company, and Dow, a global materials science company, have signed a memorandum of understanding to assess carbon capture and storage (CCS) potential in Argentina, the German company announced on November 27.
Over the next twelve months, the technical teams of the three companies will work closely to identify suitable CCS locations in the vicinity of the Bahía Blanca port industrial complex. The proximity to this industrial hub, with its substantial CO2 emissions, presents an ideal opportunity for leveraging CCS technology to reduce greenhouse gas emissions.
Wintershall Dea said it has successfully demonstrated the entire cross-border CCS value chain in the European Union through its Greensand project, showcasing the viability of CCS as a viable emissions reduction strategy.
“As a major gas producer in Argentina, we are committed to expanding and diversifying our portfolio, including in the areas of hydrogen and carbon emissions management,” stated Manfred Bockmann, managing director of Wintershall Dea Argentina. “We are thrilled to join forces with YPF and Dow to explore CCS opportunities in Argentina and contribute to the country’s energy transition journey.”
