Weyerhaeuser, Lapis Energy in Carbon Sequestration Exploration Agreement [MarketWatch]
Weyerhaeuser Company (WY)
Last weyerhaeuser company earnings: 5/1 03:05 am
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Source: MarketWatch
The two companies entered an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi. The deal covers 187,500 acres of Weyerhaeuser's subsurface rights across five potential sequestration sites, the companies said. Advertisement The agreement will see Lapis determine the sequestration potential of each site and successfully complete technical and commercial assessments. "Lapis will have the option to move sites into full-scale development agreements and complete the work required to permit, build and operate permanent CO(2) sequestration sites serving large-scale industrial sources," the companies said. Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
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- 4/25/24 - Beat
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- 3/28/24 - Form 144
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