Dallas, TX. June 27, 2023 Lapis Energy, LP (“Lapis”) announced today that it has formed a joint venture with a subsidiary of Denbury Inc. (NYSE: DEN, “Denbury”) to design, implement, and operate a carbon dioxide (“CO2”) sequestration (“CCS”) project at Lapis Energy’s 14,000-acre carbon storage site located in St Charles Parish, Louisiana, approximately 20 miles west of New Orleans. Each ...Continue Reading
Press Releases
Lapis Energy (Lapis) is pleased to announce that it has completed the lease of over 14,000 acres of carbon pore space rights with a private landowner 20 miles west of New Orleans, Louisiana. Lapis believes the pore space in the area has the potential to store more than 500 million tonnes of industrial carbon dioxide and has already begun technical ...Continue Reading
Lapis Energy (Lapis) and LSB Industries, Inc. (LSB) (NYSE: LXU) today announced that they entered into an agreement to capture and permanently sequester more than 450,000 metric tons of CO2 per year at LSB Industries’ El Dorado facility in Arkansas. The project will start immediately, with the first CO2 injection expected by 2025, and positions LSB as a leader in ...Continue Reading
