Carbon+Intel: Cresta Fund Management, Lapis Energy to develop CCS infrastructure

The companies recently signed an agreement for Cresta to fund Lapis' origination, development and implementation of CCS and clean hydrogen projects that enable industrial decarbonization critical to the achievement of global net-zero goals.

Lapis Energy, a Dallas, Texas-based CCS company formed by a team of energy-transition professionals, brings together the expertise of BluEnergy, a global strategic consultancy with expertise in CCS, clean hydrogen and the development of low carbon markets, and Viridis Resources, founded by former key members of Kosmos Energy’s industry leading exploration team. 

Under the chairmanship of Brian Maxted, former CEO of Kosmos, Lapis Energy will be led by energy entrepreneur Hamish Wilson and supported by a senior management team including Glen Cayley, former VP of Shell UK and Brian Mitchener, former exploration head of BG. 

"Lapis Energy brings together an exceptionally talented team of people with a sound plan to identify and develop CCS opportunities.  We fundamentally believe that the permanent sequestration of CO2 has a critically important role to play in enabling Energy Transition. We are excited to align with Cresta Fund Management in playing a leading role in enabling delivery of the Net Zero challenge," said CEO Hamish Wilson. "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."