Caddo Sustainable Timberlands, LP Announces First Carbon Capture and Storage Transaction, Targeting Permanent Sequestration of More Than 9M Tons of CO2 Annually
Published by Todd Bush on September 23, 2022
ATLANTA--(BUSINESS WIRE)--Caddo Sustainable Timberlands, LP (“CST”), the largest private timberland owner in Texas, has announced it has entered into its first agreement for the evaluation and potential development of a carbon capture and storage (“CCS”) project on approximately 27,000 acres of CST’s holdings in Texas.
>> In Other News: Carbon Ridge Secures $6 Million Investment from Leading Climate Investors and Maritime Industry Leaders
The project aims to permanently store carbon dioxide (“CO2”) in subsurface geologic formations through a process that is not associated with enhanced oil recovery, while CST continues to sustainably manage the timberland on the surface.
CST’s timberland has the potential to offer suitable subsurface geology for storage of CO2. It is also located close to both existing and planned CO2 transportation and injection infrastructure and sources of CO2 from industrial emitters. The agreement is the first step in CST’s strategic vision for leasing and helping develop multiple CCS projects across its 889,000 acres in Texas and Louisiana.
Patrick Chambless, Chief Financial Officer of CST, said: "We are excited to explore this opportunity to unlock this new potential dimension of our timberland asset. This agreement is part of CST’s broader commitment to delivering significant climate and environmental impacts, including through CCS, carbon removals, renewable energy development, mitigation banking and conservation easements.”
ABOUT CST
CST owns interests in more than 889,000 acres of timberlands located in Texas and Louisiana. For business inquiries, please contact [email protected].
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Return & Verified Unveil Wind-Powered Direct Air Capture Hub Scaling to 500K Tons
Inside This Issue 🌬️ Return and Verified Announce First 100% Wind-Powered Direct Air Capture Hub, Designed To Scale to 500,000 Tons Annually 🌍 The Importance of Responsible Carbon Removal: Insight...
-
OnStream Secures $26M for Offshore Carbon Storage Hub, Announces JV Partnership
Inside This Issue 💰 OnStream Receives $26 Million in Federal Funding for Louisiana Offshore Carbon Storage Hub Development and Announces Joint Venture Partnership with Major Midstream Company 🌍 Ex...
-
EDF & Abraxas Partner on Green Hydrogen & Ammonia Project in Newfoundland
Inside This Issue 🌍 EDF Group and Abraxas Power Corp. Announce Strategic Partnership for the Exploits Valley Renewable Energy Corporation Green Hydrogen and Ammonia Project in Newfoundland 💧 Hydro...
Company Announcements
-
FLAGSHIPS Wins Prestigious Award at EU Hydrogen Week
The FLAGSHIPS project takes home the Best Outreach Award at EU Hydrogen Week, celebrating its pioneering role in zero-emission waterborne transport and hydrogen innovation. At the EU Hydrogen Week...
-
Haffner Energy Launches Its Hydrogen Production, Testing and Training Center in Champagne, France
Vitry-le-François, France – November 22, 2024, 08:00 am CEST Inaugurated today, Haffner Energy's hydrogen production, testing, and training center is about to start producing renewable hydrogen us...
-
Sara Nawaz and the Institute for Responsible Carbon Removal are paving the way in a crucial sector: addressing climate change through sustainable and equitable carbon removal practices. With growi...
-
'Project Concho' Combines Proven DAC Technology, New Local Wind Power And Texas' Carbon Storage Capacity SAN ANGELO, Texas, Nov. 21, 2024 /PRNewswire/-- Carbon capture and removal project develope...