Denbury Inc. will develop an 8,500-acre site to sequester carbon dioxide, or CO2, about 50 miles northeast of Baton Rouge in St. Helena Parish, the company announced this morning.
Denbury estimates the site, named Virgo, will have a storage capacity of at least 100 million metric tons and will be ready to accept its first injection as early as 2026.
Nik Wood, senior vice president of carbon capture, utilization and storage for Denbury, says in a prepared statement that the site was chosen in part because of its proximity to the company’s existing pipeline infrastructure. Virgo is less than 5 miles from Denbury’s Northeast Jackson Dome pipeline, which runs from Donaldsonville to Jackson, Mississippi.
Denbury also announced the formation of a joint venture with Lapis Energy to develop a CO2 sequestration project 20 miles outside of New Orleans, in St. Charles Parish. That site, named Libra, is expected to have a storage capacity of 200 million metric tons of CO2 and be ready for its first injection in 2027. The location lacks pipeline infrastructure, so the joint venture partners plan to build a 45-mile connection to the existing pipeline network.
Last year, Denbury signed a lease for an 18,000-acre CO2 sequestration site in Donaldsonville, as reported in Daily Report. Read the announcement.
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