Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced a definitive agreement with a large landowner in southwest Louisiana for the future development and operation of a dedicated CO2 sequestration site. The 31,000 acre land position is located in Allen, Beauregard and Vernon Parishes, approximately 25 miles north of Denbury’s Green Pipeline. Denbury estimates that there is potential to store up to 250 million metric tons of CO2 in the site, with first injection planned as early as 2026. The strategic location of the site provides nearby storage potential for the heavy industrial areas of Beaumont and Port Arthur, Texas, and Lake Charles, Louisiana. In close proximity to the dedicated CO2 sequestration site is more than 60 million metric tons per year of existing emissions.
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