LSB Industries have entered into an agreement with Lapis Energy to develop a project to capture and permanently sequester CO2 at LSB’s El Dorado, Arkansas facility. Lapis, backed by Cresta Fund Management, a Dallas-based middle-market infrastructure investment firm, will make 100% of the capital investment required for the project development. The project will commence immediately, with expected completion by 2025, subject to the approval of a Class VI permit, at which time CO2 injections will begin. This is the first CCS project announced in the state of Arkansas and the third CCS project from ammonia production in the U.S.