Skip to content
lapis energy
  • Home
  • News
  • Contact
Menu
  • Home
  • News
  • Contact
  • Press Releases

Lapis Energy acquires key pore space rights in the Baton Rouge Corridor

  • PDF Version
Share:

Dallas, May 09 2022

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 studies to progress a Class VI permit for the area. Lapis plans to be ready to begin injection by 2025.

Hamish Wilson, CEO of Lapis, commented, “We are delighted to announce our carbon storage project in the Baton Rouge-New Orleans corridor of Louisiana, where we have acquired a hub scale storage resource capable of supporting multiple industrial emitters.  Lapis is currently engaged in commercial discussions with a number of industrial emitters in the region.  As demonstrated by our recent agreement with LSB Industries to sequester industrial carbon dioxide in Arkansas, Lapis’ subsurface technical excellence, combined with its competitive commercial offering, is an attractive value proposition to emitters requiring a full carbon abatement solution.”

“Carbon capture and sequestration are important to Louisiana’s efforts to reduce carbon dioxide emissions while maintaining jobs and growing our manufacturing base,” said Governor John Bel Edwards. “This effort is a clear demonstration of our ability to grow the Louisiana economy while lowering the carbon footprint of industry.”

_____

About Lapis Energy LP

Lapis, founded in 2020 by a team of industry-leading experts and backed by Cresta Fund Management, is a Dallas-based, vertically integrated energy infrastructure development firm focused entirely on decarbonization through CCS. With teams located in Europe and Asia Pacific, Lapis is actively building a global portfolio of CCS projects. For more information: www.lapisenergy.com.

About Cresta

Cresta is an investment manager with over $1 billion of assets under management funding specialized middle market infrastructure opportunities. Founded in 2016 and headquartered in Dallas, Texas, Cresta’s team has a strong operational history, with decades of combined development, engineering, commercial, trading, legal and financial experience in the infrastructure industry, and its founding partners have worked together as a team since 2007. For more information, please visit www.crestafunds.com.

LE_03 copy 1

Science-based industrial decarbonization through carbon capture and permanent CO2  sequestration 

quick links

  • Privacy
Menu
  • Privacy

get in touch

Lapis Energy 

2950 North Harwood Street

Suite 2200, Dallas, Texas 

 

Email: [email protected]
Follow us on LinkedIn

© 2023 Lapis Energy, an integrated carbon management company.
Company Registration: 6341055

Lapis Energy use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept All”, you consent to the use of ALL the cookies. However, you may visit "Cookie Settings" to provide a controlled consent.
Cookie SettingsAccept All
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT