New carbon capture and storage project in Texas is making headlines. Caddo Sustainable Timberlands, LP (CST) – the largest private timberland owner in Texas, announces on September 19th it has entered into its first agreement for the evaluation and potential development of a carbon capture and storage (CCS) project with emissions planned to be stored under its 27,000 acres in Texas.
The carbon storage will be located in subsurface geologic formations. The project is also close to both existing and planned CO2 transportation, injection infrastructure and industrial emitters that could source the CO2. Caddo Sustainable Timberlands will continue to sustainably manage the timberland on the surface.
The agreement is the first step in the company’s strategic vision for leasing and helping develop multiple carbon capture projects across its 889,000 acres in Texas and Louisiana.
According to Patrick Chambless, Chief Financial Officer of CST, CO2 storage is a new opportunity for the company to unlock the potential of its timberland asset. CST has a broader commitment to deliver significant climate and environmental impacts through CCS, carbon removals, renewable energy development, mitigation banking and conservation easements.