Lapis Carbon Solutions

What Lapis Carbon Solutions does

Lapis Carbon Solutions LP (formerly Lapis Energy LP) is a Dallas, Texas-based private CCUS developer founded in 2020 and backed by Cresta Fund Management through its Sustainable Fund series. The company provides turn-key carbon capture, utilization, and storage (CCUS) solutions to energy-intensive industrial emitters, operating across four service pillars: CO2 capture, transport, injection/monitoring (EPA Class VI compliant), and permanent geological sequestration with post-injection site care.

Lapis manages a portfolio of three primary projects: Project Big River in Illinois (725,000+ t/yr CO2 from Big River Resources' ethanol plant, Class VI permit submitted February 2026), Project Blue in Arkansas (450,000+ t/yr CO2 from LSB Industries' ammonia facility, with ~25% expected GHG reduction at site), and Project Libra in Louisiana (a 14,000-acre regional hub with 1–4 Mt/yr expected injection and up to 80 Mt total capacity, first injection targeted 2028). The company's subsurface asset base also includes 187,500 acres under an exclusive two-year exploration agreement with Weyerhaeuser spanning Arkansas, Louisiana, and Mississippi, plus a joint venture with Denbury Inc. for CO2 sequestration at the St Charles Parish site.

Lapis monetizes through project-based and recurring sequestration service revenues (capture, transport, injection, monitoring, post-injection site care), supported by 45Q tax credits up to $85/t of CO2 captured. GTM is enterprise field sales with direct engagement of hard-to-abate emitters in chemicals, petrochemicals, ethanol, ammonia, baseload power, cement, and steel; complemented by community engagement to secure social license. Customers include LSB Industries, Big River Resources, Weyerhaeuser, and Denbury Inc. Lapis is led by President & CEO Eric Leigh, with Brian Maxted as Chairman, and operates offices in Dallas and Houston.

Name

Lapis Carbon Solutions

Legal name

Lapis Carbon Solutions LP

Website

https://lapiscarbonsolutions.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Lapis Carbon Solutions is a private, Dallas-based pure-play CCUS developer that delivers turn-key carbon capture, transport, and permanent CO2 sequestration services to energy-intensive industrial emitters, anchored by three major CCS projects (Big River, Blue, Libra) and backed by Cresta Fund Management.

Ownership category

akta.pro rank

Product category

Carbon Capture, Utilization, and Storage (CCUS) Services

NAICS

Waste Management and Remediation Services (562)

SIC

Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Regenerative Agriculture & Soil Organic Carbon (SOC) (EUABABAE)

akta.pro secondary industries

Industrial & Refrigerant Emissions Reduction (N2O, HFCs, SF6, Process Emissions) (EUABABAM), Carbon Removal Measurement, Monitoring & Verification (Removal MRV & Durability) (EUABAFAK)

Keywords

• Carbon capture storage
• CCUS project development
• CO2 sequestration services
• Industrial decarbonization
• Carbon management solutions

Headquarters

HQ city

Dallas

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. CCUS Project Development: Lapis develops, constructs, and operates CCUS projects providing turn-key solutions to emitters for carbon capture, utilization, and storage services.
2. Carbon Sequestration Services: Permanent CO₂ storage services including capture, transport, injection, and post-injection monitoring and site care.

Go-to-market motion2 records

Distribution channels1 record

Marketing channels4 records

Core offering

Lapis Carbon Solutions develops, constructs, and operates carbon capture, utilization, and storage (CCUS) projects as a turn-key service for industrial emitters. The company combines strategic site identification for permanent CO2 sequestration with custom CCUS solutions tailored to each emitter's process needs, covering capture, transport, EPA Class VI compliant injection, and post-injection monitoring and storage.

Product overview

Lapis Carbon Solutions is a pure-play CCUS (Carbon Capture, Utilization, and Storage) company providing end-to-end development, construction, and operation of carbon capture and sequestration projects. The company's core offering consists of integrated CCUS solutions organized around four service pillars: CO2 Capture (customized capture solutions for industrial partners), CO2 Transportation (safe movement of compressed CO2 to storage sites), CO2 Injection and Monitoring (Class VI compliant well operations), and Carbon Storage (post-injection site care and permanent sequestration). Lapis manages a portfolio of three major CCS projects: Project Big River (in Illinois, capturing 725,000+ metric tons annually from ethanol production), Project Blue (in Arkansas, capturing 400,000+ metric tons annually from ammonia production at LSB Industries), and Project Libra (a 14,000-acre regional sequestration hub in Louisiana with capacity for 1-4 million metric tons annually). The company is backed by Cresta Fund Management and targets hard-to-abate industries including chemicals, petrochemicals, power generation, cement, and steel production.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Capture, Utilization, and Storage (CCUS) Project Development

Quantifiable outcome

• Reduce customer direct GHG emissions by approximately 25%
• +2 more outcomes

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and strategic.

• Big River ResourcescoreStrategic or Co-development Partner · 17 February 2026Project Big River partnership with Big River Resources to capture and store 725,000+ metric tons of CO₂ per year near their Galva, Illinois ethanol plant. Lapis and Big River Resources submitted a Class VI permit application for the CCS project.
• WeyerhaeuserstrategicStrategic or Co-development Partner · 27 February 2024Exclusive two-year carbon sequestration exploration agreement covering 187,500 acres across Arkansas, Louisiana and Mississippi. The agreement spans five potential sequestration sites on Weyerhaeuser-owned subsurface rights.
• Denbury Inc.coreStrategic or Co-development Partner · 27 June 2023Joint venture with Denbury Inc. subsidiary to design, implement, and operate a CO₂ sequestration project at Lapis Energy's 14,000-acre carbon storage site in St Charles Parish, Louisiana, approximately 20 miles west of New Orleans.
• LSB IndustriescoreStrategic or Co-development Partner · 28 April 2022Partnership with LSB Industries to capture and permanently sequester 450,000+ metric tons of CO₂ per year at LSB's El Dorado, Arkansas facility. The project targets the Hosston and Cotton Valley geologic formations. Lapis filed the Class VI permit application with EPA.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Denbury Inc. (ExxonMobil subsidiary): Denbury is an experienced CO2 pipeline and EOR/CCS operator, now part of ExxonMobil's Low Carbon Solutions. Lapis already has a JV with Denbury on Project Libra, making it a direct comparator in CO2 transport, injection, and sequestration operations.
• 1PointFive (Occidental): 1PointFive is Occidental's dedicated CCS platform, operating STRATOS, the largest announced direct air capture + sequestration hub in the U.S. Comparable as a direct-air and point-source CCS developer competing for similar industrial off-takers and 45Q economics.
• BKV Corporation: BKV Corporation is a natural gas producer building a CCS business to sequester CO2 from power generation and industrial sources in Appalachia. Comparable as an integrated upstream-to-CCS developer pursuing similar Section 45Q economics.
• Talos Low Carbon Solutions: Talos Low Carbon Solutions is a U.S. onshore CCS developer pursuing EPA Class VI permits and CO2 sequestration hubs in the Gulf Coast/Mid-Continent, directly comparable to Lapis's project portfolio in Big River, Blue, and Libra.
• CarbonCapture Inc. CarbonCapture Inc. develops point-source and direct air capture technology partnered with geological sequestration. Comparable as a CCUS technology and project developer targeting industrial emitters with permanent storage.

Emerging players

• Heirloom Carbon Technologies: Heirloom is a direct air capture (DAC) startup using limestone-based mineralization and Class VI sequestration. Comparable as a CCUS-only emerging player focused on permanent CO2 storage, though it leads with DAC rather than point-source capture.
• Charm Industrial: Charm Industrial converts biomass into bio-oil for underground sequestration and sells carbon removal credits. Comparable as an emerging CCUS/durable-carbon-removal peer pursuing industrial offtake and 45Q-eligible storage.

Regional players

• Wintershall Dea (CCS division): Wintershall Dea is developing Northern Lights and other North Sea CCS hubs and pursues CO2 storage partnerships with industrial emitters. Comparable on subsurface/sequestration expertise, though primarily Europe-focused rather than competing directly in Lapis's U.S. footprint.

Broad incumbents

• Chevron New Energies: Chevron New Energies invests in CCUS, hydrogen, and carbon offsets for hard-to-abate sectors. As a broad incumbent with CCS project pipelines globally, it competes for similar industrial capture opportunities and tax-credit economics.
• ExxonMobil Low Carbon Solutions: ExxonMobil Low Carbon Solutions is developing large-scale CCS hubs along the Gulf Coast and is acquiring Denbury. It is a broad incumbent with overlapping CCS capabilities and capital scale that dwarfs Lapis.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/lapis-carbon-solutions

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

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 Carbon Solutions