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Stock impact report

Weyerhaeuser (WY) Partners With Lapis for Carbon Sequestration [Yahoo! Finance]

Weyerhaeuser Company (WY) 
Last weyerhaeuser company earnings: 5/1 03:05 am Check Earnings Report
US:NYSE Investor Relations: investor.weyerhaeuser.com
Company Research Source: Yahoo! Finance
Per the agreement, Lapis will determine the carbon sequestration potential of five potential sites covering 187,500 acres of subsurface rights owned by Weyerhaeuser. Post the technical and commercial reckonings, Lapis will engage in moving the sites into full-scale development agreements. This will be followed by the completion of the required work to acquire permits and build and operate permanent carbon dioxide sequestration sites serving large-scale industrial sources. Among the five potential sequestration sites, two were priorly identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development. This exclusive carbon sequestration exploration agreement will provide a distinctive opportunity for WY to scale its CCS offerings and build its climate solutions portfolio more broadly. Carbon Capture & Sequestration Business Bodes Well Weyerhaeuser is benefiting from its engagement with high-quality developers for renewable energy and Show less Read more
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