Trace Carbon Solutions to Obtain Class VI Permit for CO2 Injection Wells

The Evergreen Sequestration Hub, owned by Trace Carbon Solutions, submitted a Class VI permit application to the Louisiana Department of Energy and Natural Resources for two CO₂ injection wells along the Gulf Coast. The application was submitted February 28, 2024, and requests for Trace Carbon to be allowed to permanently sequester CO₂ in underground geologic formations on approximately 20,000 acres in the Beauregard and Calcasieu parishes in Louisiana.

If approved, the two injection wells will act as the initial phase of development for the Evergreen Sequestration Hub. The wells will be located on acreage managed by the Molpus Woodlands Group (Molpus), with the site layout and minimal aboveground footprint of the project enabling Molpus to use the surface area as a sustainable managed working forest.

“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, Chief Executive Officer, Trace Carbon Solutions. “This Class VI CO₂ injection permit submission is the culmination of over 18 months of project planning and subsurface analysis and is a critical step in the development of this project.”

The total CO₂ storage capacity at the 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 Carbon believes this sequestration capacity will further the progress of decarbonization initiatives of emission sources in the surrounding Gulf Coast.

“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,” said Weber. “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.”