Denbury set for rapid CCUS expansion

Texas-based firm forms partnerships to develop 300mn t of new CO₂ storage capacity in southeastern Louisiana

US independent energy company Denbury has unveiled plans to develop two carbon storage projects in southeastern Louisiana with a total potential capacity of 300mn t as it accelerates the expansion of its CCUS portfolio. Denbury has historically focused on enhanced oil and gas recovery but has been active in CCUS for about a decade. It already operates a system of dedicated CO₂ pipelines that it will look to use when developing the new storage sites. The company, based in Plano, Texas, has formed a 50/50 joint venture with Dallas-based CCUS specialist Lapis Energy to develop and operate a CO₂ sequestration project at Lapis’ 14,000-acre site in St. Charles Parish, Louisiana, about 20 miles wes