Our Carbon Storage & Sequestration (CCS) Projects
We are the partner of choice for energy-intensive industries seeking to achieve their carbon goals by delivering carbon capture and sequestration projects. We have a track record of building trust and maximizing value, underpinned by our experience in responsible project management, along with our focus on proactive and transparent engagement.
Lapis Energy and LSB Industries, Inc. entered into an agreement to capture and permanently sequester more than 450,000 metric tons of CO2 per year. LSB Industries, founded in 1968 and headquartered in Oklahoma City, OK, manufactures and sells chemical products for the agricultural, mining and industrial markets.
Committed to keeping our stakeholders informed – Lapis and LSB presented to the El Dorado Chamber of Commerce spring Economic Outlook Luncheon. Download the presentation slide deck.
Project email address: [email protected]
Project telephone #: 870-724-4016
Project website: https://lsbindustries.com/eldoradoccs/
Lapis Energy 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 party will have a 50 percent interest in a newly formed project company, Libra CO2 Storage Solutions LLC (“Libra”).
As part of the agreement, Denbury has committed volumes to support the initial development of the site, with first injection scheduled for 2027.
Libra believes that the site has the potential to hold at least 200 million metric tons of CO2 and, because of its close proximity to industrial hubs, has the potential to become a regional hub decarbonization site.
We Enable Our Partners to
Felipe Gonzalez, PERC Engineering, says:
"We have been working with Lapis Energy since June 2022, and we are very impressed with the quality of the teamwork we have encountered. The team is very efficient, has excellent communication skills, and its execution style is second to none. It is not difficult to see the experience and excellence in management personnel that Lapis has brought in."