LSB Industries and Lapis Energy File Application for Class VI Injection Permit With EPA for Carbon Capture and Sequestration (CCS) Project at LSB's El Dorado, AR, Facility

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Feb 21, 2023

LSB Industries, Inc. (“LSB” or “the Company”), (NYSE: LXU) and Lapis Energy LP (“Lapis”) today jointly announced the filing of a permit application with the U.S. Environmental Protection Agency (“EPA”) to construct a Class VI well as part of their project to capture and permanently sequester carbon dioxide (“CO2”) at LSB’s El Dorado, Arkansas facility (“El Dorado”). Class VI wells are used to inject CO2 into deep rock formations. This long-term underground storage, called geologic sequestration, reduces atmospheric CO2 emissions and helps to mitigate climate change.