US-based Cresta Fund Management (Cresta) will work with carbon capture and storage (CCS) specialist Lapis Energy LP (Lapis) to develop and deploy technology that will help decarbonise the industrial sector.
The partnership will involve Cresta funding CCS and clean hydrogen projects to be implemented by Lapis, which combines expertise pulled from strategic consultancy BlueEnergy and Viridis Resources.
Commenting on the agreement, Hamish Wilson, CEO, Lapis Energy, said that the permanent sequestration of carbon dioxide (CO2) has a ‘critically important’ role to play in enabling the energy transition.
“Our alignment with Cresta allows Lapis to pursue a range of opportunities which I look forward to being able to provide more detail on in the near future,” he added.
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