Trace Carbon Solutions LLC and Molpus Woodlands Group, on behalf of a client, have signed a servitude agreement providing Trace with exclusive rights to develop and operate the Evergreen Sequestration Hub on approximately 20,000 acres in Calcasieu and Beauregard parishes, reports Bakersfield.com.
Trace will use the site to permanently sequester industrial carbon dioxide in underground geologic formations, while Molpus will continue to manage the aboveground acreage as a sustainably managed working forest.
Trace anticipates that the Evergreen Hub will have a total sequestration capacity of over 250 million metric tons of carbon. Read more.
