Lapis Energy and Denbury formed a joint venture.

Lapis Energy, a full-service CCS developer and operator, and Denbury, an independent energy company with operations and assets focused on Carbon Capture, Use and Storage and Enhanced Oil Recovery in the Gulf Coast and Rocky Mountain regions, formed a joint venture. Financial terms were not disclosed. “Lapis is pleased to welcome Denbury, a leading CCUS player, into this exciting project, and we look forward to working in partnership to fully develop the Libra Site. This high-quality CO2 storage opportunity was first identified by the Lapis subsurface team, and Denbury’s entrance has now confirmed its potential commercial attractiveness to emitters in the region. This venture represents the next step in Lapis’ business development plan and, along with our El Dorado CCS project with LSB Industries, provides a platform to accelerate our North American growth and build an industry-leading CCS portfolio, with a number of other opportunities currently under evaluation,” Reg Manhas, Lapis CEO.