Denbury and Weyerhaeuser Announce Agreement for CO2 Sequestration Site in Mississippi

Business Wire
December 12, 2022
Category: Forestry
Region: United States, US East

PLANO, Texas & SEATTLE, Washington — Denbury and Weyerhaeuser announced an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi. The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Mississippi. The site is located directly adjacent to Denbury’s NEJD Pipeline in Mississippi. Denbury is planning to utilize the site to permanently sequester industrial CO2 in secure underground geologic formations. Weyerhaeuser will continue to manage the timberland acreage as a sustainable working forest. …The site represents Denbury’s first planned CO2 sequestration location in Mississippi, expanding its storage portfolio that already includes sites along the U.S. Gulf Coast in Alabama, Louisiana, and Texas. …Weyerhaeuser has identified multiple locations for potential sequestration projects across a portion of its 7-million-acre footprint in the U.S. South using proprietary geological data covering its lands.

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