Weyerhaeuser (WY) Partners With Lapis for Carbon Sequestration

Weyerhaeuser Company (WY) entered into an exclusive two-year agreement with Lapis Energy LP for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi.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 ...