Trace Carbon Solutions Submits Class VI Permit Application For Two CO2 Injection Wells To Serve Emission Sources Along The Gulf Coast

Trace Carbon Solutions Submits Class VI Permit Application For Two CO2 Injection Wells To Serve Emission Sources Along The Gulf Coast - Carbon Herald

Trace Carbon Solutions, LLC (Trace), through its wholly owned subsidiary Evergreen Sequestration Hub, LLC (Evergreen Hub), announced today that it has submitted a Class VI permit application to the Louisiana Department of Energy and Natural Resources for two CO2 injection wells. The application, submitted on February 28, 2024, requests Trace be allowed to permanently sequester carbon dioxide in underground geologic formations on approximately 20,000 acres in Beauregard and Calcasieu parishes in Louisiana.

“Trace is pleased to announce this key project milestone and the advancement of our mission to provide cost-effective decarbonization solutions for CO2 emissions across southwest Louisiana and southeast Texas,” said Josh Weber, Trace Chief Executive Officer. “This Class VI CO2 injection permit submission is the culmination of over 18 months of rigorous project planning and subsurface analysis and is a critical step in the development of this project. We’re excited to progress the development of the Evergreen Hub given its high-quality geology, large and consolidated acreage position, and proximity to industrial emissions corridors. We believe the site characteristics and storage potential of the Evergreen Hub, combined with our team’s technical and operating expertise, will allow us to provide safe, responsible, and permanent carbon storage solutions to emitters in the region.”

Relevant: Trace Carbon Solutions And Molpus Woodlands To Develop 20,000 Acre CO2 Sequestration Hub In Louisiana

If approved, the two CO2 injection wells will serve as the initial phase of development for the Evergreen Hub. The injection wells will be located on lands managed by the Molpus Woodlands Group (Molpus), and the site layout and minimal aboveground footprint of the project will allow Molpus to continue to utilize the surface acreage as a sustainably managed working forest. In total, CO2 storage capacity at Evergreen Hub is estimated to be at or above 250 million metric tons. With over 70 million metric tons per year of emissions within 50 miles of the Evergreen Hub, Trace believes this sequestration capacity will be essential to further progressing the decarbonization initiatives of emission sources in the surrounding area.

For more information on the Evergreen Hub, please visit www.tracemidstream.com/evergreenhub.

Read more: Climate Investment Invests In Trace Carbon Solutions

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