Lapis Carbon Solutions: A Dallas Powerhouse in Carbon Management

Lapis’ Carbon-Cutting Ambitions

In the ever-bustling world of Dallas, Lapis Carbon Solutions is making waves with its ambitious carbon goals. Teaming up with industries that crave a green future, Lapis is all about carbon capture, utilization, and storage projects, or CCUS for short. Now, they’re riding high with a fresh investment from Cresta Fund Management, a fellow Dallas-based company.

Cresta’s Confidence in Lapis

Cresta recently bolstered Lapis through their Cresta Sustainable Fund II. Although the cash details are under wraps, the sentiment is clear—Cresta believes in Lapis’ potential to revolutionize carbon solutions. Cresta’s Managing Partner, Chris Rozzell, sums it up, “Private equity plays a vital role in decarbonization efforts.”

Expanding Carbon Projects

Lapis is geared up to tackle high-intensity emission sources with bespoke solutions. Their collaboration with Cresta means more projects on the horizon, especially in the CO2 utilization space. These new resources are expected to fuel their anchor projects, triggering an expansive pipeline of opportunities.

Strengthened by Policy and Funds

Thanks to the U.S. budget reconciliation bill reaffirming the 45Q Carbon Sequestration Tax Credit, Lapis finds itself in favorable economic waters. This bipartisan backing for carbon management underscores Cresta’s strategic investment.

Cresta’s Track Record and Support

This isn’t Cresta’s first rodeo with Lapis. An initial investment back in 2021 set the tone. Since then, Lapis has rapidly become a leader in North America’s carbon management scene. Cresta isn’t just throwing money; they’re providing strategic smarts to help Lapis build effective partnerships and infrastructure.

Who’s Who in the Partnership

• Reg Manhas: Lapis’ co-founder and CEO, he’s pumped about growing the company with Cresta’s help.
• Chris Rozzell: As Cresta’s Managing Partner, he’s all in on Lapis’ capabilities and future.

Financial Scope and Development

Cresta Fund Management isn’t small potatoes, managing a hefty $1.6 billion in assets. Lapis, founded in 2020, is weaving a world-class portfolio of CCUS projects across North America.

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What’s Brewing in Dallas

• Tech Innovations for a Cause: A world-first fund targets tech to combat human trafficking, backed by notable figures like Tim Tebow.
• Grants Galore: Dallas County groups are gearing up for the Summer Grant Cycle, focusing on crucial social issues.
• Motorola Expands: By acquiring Theatro Labs, Motorola boosts its communication tech for frontline workers, continuing Theatro’s legacy of innovation.

In conclusion, Lapis Carbon Solutions is ready to shake up the game, armed with investment, policy support, and a strong vision of a sustainable future. Stay tuned, because in the Big D, the only constant is change—and growth.