Molpus Woodlands Group and Trace Carbon Solutions Announce Carbon Sequestration Hub in Louisiana

Molpus Woodlands Group and Trace Carbon Solutions LLC jointly announced last Wednesday (9-27-23) that on behalf of a client, 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 located in Calcasieu and Beauregard parishes in Louisiana.

Trace will use the site to permanently sequester industrial CO₂ in underground geologic formations, while Molpus will continue to manage the above ground acreage as a sustainably managed working forest.

According to the press release, the servitude agreement is a fundamental step towards Trace’s goal to develop low-cost carbon capture, transportation, and sequestration (CCS) assets across North America. Trace anticipates the Evergreen Hub will have CO₂ injectivity and total sequestration capacity of more than 250 million metric tons of CO₂. The need for this sequestration capacity is supported by significant emissions sources in the nearby Southwest Louisiana and Southeast Texas areas. Trace estimates more than 65 million metric tons per year of existing stationary CO₂ emissions are located within 50 miles of the Evergreen Hub.