Weyerhaeuser and Lapis Energy enter into Carbon Sequestration agreement
SEATTLE — Weyerhaeuser Company and Lapis Energy LP announced the execution of an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi.The agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development.