The US state of Louisiana will soon be home to an array of new carbon dioxide (CO2) sequestration projects.
Energy company Denbury on Wednesday (16th March) confirmed the news, having inked three new lease agreements with private landowners in the state for the development of planned CO2 sequestration developments.
Helping to decarbonise Louisiana’s industrial corridor, two of the agreements will see Denbury cover a contiguous area of approximately 84,000 acres, located approximately 30 miles southeast of New Orleans.
With this, Denbury hopes to provide more than 500 million metric tonnes of potential CO2 sequestration capacity. The firm wants to first connect this storage capacity to industrial facilities in the region.
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