Trace Carbon Solutions and Molpus Woodlands Group Announce the Evergreen Sequestration Hub in Louisiana
Trace Carbon Solutions, LLC (Trace) and Molpus Woodlands Group (Molpus), on behalf of a client, announced today that they have signed a servitude agreement providing Trace with exclusive rights to develop and operate a carbon sequestration site, to be called the Evergreen Sequestration Hub (Evergreen Hub), on approximately 20,000 acres in Calcasieu and Beauregard parishes in Louisiana.
- Trace Carbon Solutions, LLC (Trace) and Molpus Woodlands Group (Molpus), on behalf of a client, announced today that they have signed a servitude agreement providing Trace with exclusive rights to develop and operate a carbon sequestration site, to be called the Evergreen Sequestration Hub (Evergreen Hub), on approximately 20,000 acres in Calcasieu and Beauregard parishes in Louisiana.
- Trace will use the site to permanently sequester industrial carbon dioxide (CO2) in underground geologic formations, while Molpus will continue to manage the aboveground acreage as a sustainably managed working forest.
- The company anticipates that the Evergreen Hub will have high CO2 injectivity and total sequestration capacity of over 250 million metric tons of CO2.
- We recognize that large-scale, geologically superior sequestration sites are scarce in proximity to significant industrial carbon emissions.