Denbury Inc. (NYSE: DEN) (“Denbury”) and Weyerhaeuser Company (NYSE: WY) (“Weyerhaeuser”) today announced an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi. The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties in Mississippi. The site is located directly adjacent to Denbury’s NEJD Pipeline in Mississippi, approximately 35 miles south of the company’s Jackson Dome field. Denbury is planning to utilize the site to permanently sequester industrial CO2 in secure underground geologic formations. Weyerhaeuser will continue to manage the timberland acreage as a sustainable working forest.
Denbury and Weyerhaeuser Announce Agreement for CO2 Sequestration Site in Mississippi
Dec 12, 2022
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