Caddo Sustainable Timberlands (CST) has entered into an agreement for the potential development of a carbon capture and storage (CCS) project on 27,000 acres of CST’s East Texas timberland holdings. The goal is to permanently store carbon dioxide (CO2) in subsurface geologic formations while managing the timberlands in accordance with the Sustainable Forestry Initiative standard.
“We are excited to explore this opportunity to unlock this new potential dimension of our timberland asset,” said CST Chief Financial Officer Patrick Chambless. “This agreement is part of CST’s broader commitment to delivering significant climate and environmental impacts, including through CCS, carbon removals, renewable energy development, mitigation banking, and conservation easements.”
An investment platform created in 2022 by BTG Pactual Timberland Investment Group and British Columbia Investment Management Corporation, CST owns more than 889,000 acres of timberland in East Texas and Western Louisiana and ranks as the largest private timberlandowner in Texas with 831,000 acres. Read more HERE.