Lapis Energy

What Lapis Energy does

Lapis Energy (operating commercially as Lapis Carbon Solutions) is a Dallas-based carbon management company that develops turn-key carbon capture, utilization, and storage (CCUS) projects for energy-intensive industrial emitters. Founded in 2020 and privately held with backing from Cresta Fund Management through their Sustainable Fund series, the company targets hard-to-abate verticals including chemicals, petrochemicals, baseload power generation, cement, and steel production. Its stated customer value proposition centers on permanent CO2 sequestration rather than utilization, positioning Lapis among a narrow set of pure-play CCUS developers in the U.S. market.

The company's technical offering spans four integrated lifecycle stages: customized CO2 capture solutions tailored to each industry partner's operational requirements; safe transport of compressed CO2 to storage sites or utilization partners; injection and monitoring operations compliant with EPA Class VI standards and industry best practices; and post-injection site care, closure, and monitoring for permanent storage. Lapis's project portfolio includes three named initiatives (Project Big River, Project Blue, and Project Libra), each representing a distinct CCUS development for industrial decarbonization. The company also identifies strategic sites for permanent CO2 sequestration as part of a dual development approach combining site origination with bespoke CCUS project delivery.

Lapis operates an enterprise field sales GTM motion, engaging large industrial emitters directly on customized project terms rather than through standardized pricing. The company maintains offices in Dallas (regional headquarters at 5420 LBJ Freeway) and Houston (757 N Eldridge Parkway), positioning it within the Gulf Coast industrial corridor where petrochemical, refining, and power generation demand for CCUS is concentrated. Revenue mechanics are tied to long-cycle CCUS project development, construction, and operation under managed-services arrangements, with no public pricing, customer logos, or revenue disclosure available.

Name

Lapis Energy

Legal name

Lapis Carbon Solutions

Website

https://lapisenergy.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Lapis Energy is a Dallas-based carbon management company that develops turn-key carbon capture, utilization, and storage (CCUS) projects for energy-intensive industrial emitters including chemicals, petrochemicals, power generation, cement, and steel, backed by Cresta Fund Management.

Ownership category

akta.pro rank

Product category

Carbon Capture and Storage (CCUS) Project Services

NAICS

Support Activities for Oil and Gas Operations (213112)

SIC

Oil & Gas Field Services, Nec (1389), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Capture System Integration & Balance-of-Plant (Heat Integration, Compression, Dehydration) (EUABAGAI)

akta.pro secondary industry

CO2 Pipeline Development, Engineering & Construction (EPC) (TLAGAFAJ)

Keywords

• Carbon capture storage
• CCUS project development
• Industrial decarbonization
• Permanent CO2 sequestration
• Emissions reduction services

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. CCUS Project Development and Operation: Full-service carbon capture, utilization, and storage project development, construction, and operation for industrial emitters. Provides turn-key solutions with development, construction, and ongoing operational services for decarbonization projects.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Lapis Energy offers turn-key Carbon Capture, Utilization, and Storage (CCUS) project development, construction, and operation services for industrial emitters. The integrated offering covers customized CO2 capture solutions, safe transport of compressed CO2, EPA Class VI-compliant injection and monitoring, and post-injection site care and closure for permanent sequestration. Lapis manages a portfolio of named CCUS projects (Project Big River, Project Blue, Project Libra) targeting hard-to-abate sectors such as chemicals, petrochemicals, baseload power generation, cement, and steel production.

Product overview

Lapis offers a unified turn-key CCUS (Carbon Capture, Utilization, and Storage) solution with four integrated service components: Capture (customized CO2 capture solutions for industry partners), Transport (safe movement of compressed CO2 to storage sites or utilization partners), Operate (injection and monitoring per EPA Class VI and industry standards), and Storage (post-injection site care, closure, and monitoring for safe and permanent storage). The company manages a portfolio of named CCUS projects including Project Big River, Project Blue, and Project Libra, each representing distinct carbon capture and sequestration initiatives for industrial emitters seeking decarbonization.

Differentiator

Problem solved

Functional benefit

Products and services

• Project Big River A CCUS (Carbon Capture, Utilization, and Storage) project developed by Lapis for industrial decarbonization and permanent CO2 sequestration for energy-intensive industrial emitters.
• Project Blue A CCUS project developed by Lapis for carbon capture and permanent sequestration for industrial emitters seeking decarbonization solutions.
• Project Libra A CCUS project developed by Lapis for industrial decarbonization through carbon capture and permanent sequestration.
• Turn-Key CCUS Project Development Service Integrated turn-key CCUS service covering Capture (customized CO2 capture solutions), Transport (safe movement of compressed CO2 to storage or utilization partners), Operate (EPA Class VI-compliant injection and monitoring), and Storage (post-injection site care, closure, and monitoring for permanent CO2 sequestration). Provided to industrial emitters in chemicals, petrochemicals, power generation, cement, and steel.

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Scale indicators2 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Denbury Resources: Denbury is a CO2 pipeline and enhanced oil recovery operator now pivoting into dedicated CCS storage using its well-developed CO2 pipeline network and depleted reservoirs along the Gulf Coast — a directly comparable operating model and geography to Lapis.
• Summit Carbon Solutions: Summit is developing a large-scale CO2 capture, pipeline, and sequestration network primarily serving U.S. ethanol and industrial emitters. It overlaps directly with Lapis on the full CCUS lifecycle model (capture, transport, Class VI storage) and competes for industrial customer contracts in the central U.S.
• Talos Energy (Bayou Bend CCS): Talos is developing the Bayou Bend CCS hub in coastal Texas to permanently store industrial-sourced CO2 in saline formations. It competes head-to-head with Lapis for Gulf Coast industrial customers and EPA Class VI storage sites.
• Navigator Energy Services (Heartland Greenway): Navigator's Heartland Greenway project is a CO2 pipeline and sequestration network serving Midwest industrial emitters. It is directly comparable to Lapis on the CO2 transport + permanent storage thesis, though primarily focused on ethanol and fertilizer customers.

Broad incumbents

• 1PointFive (Occidental): 1PointFive is Occidental's pure-play carbon management arm building STRATOS and other large-scale DAC and CCUS projects. It is the most capital-backed direct competitor to Lapis, addressing the same industrial emitters and permanent sequestration thesis at materially larger scale.
• ExxonMobil Low Carbon Solutions: ExxonMobil's Low Carbon Solutions business is developing large industrial CCS hubs (e.g., Baytown) with significant capital and integration across capture, transport, and Class VI storage, overlapping the same hard-to-abate customer base as Lapis.
• Mitsubishi Heavy Industries (CCS): Mitsubishi Heavy Industries, through its Advanced Carbon Capture Technology program and participation in projects like Petra Nova, is a global incumbent in industrial-scale post-combustion CO2 capture engineering, EPC, and operations — directly comparable to Lapis on the EPC + operations side of industrial CCUS projects.

Emerging players

• CarbonCure Technologies: CarbonCure injects CO2 into concrete during production to sequester carbon. While it targets a different point source (cement/concrete manufacturing), it competes for the same industrial cement and steel customer budgets that Lapis is also addressing.
• Climeworks: Climeworks is the largest direct air capture (DAC) developer, offering permanent geological sequestration services. Although it sources CO2 from air rather than industrial flue gas, it overlaps with Lapis in the dedicated, pure-play CO2 sequestration business model targeting voluntary and compliance markets.
• Heirloom Carbon: Heirloom is a DAC technology company using limestone-based capture and permanent mineralization for CO2 removal. It is an emerging player in the dedicated CCUS/DAC permanent sequestration category that Lapis also targets, with a complementary but adjacent technology approach.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/lapis-energy

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lapis Energy