Cresta and Lapis Energy to develop carbon capture and storage infrastructure

Jan 11 2022


Cresta Fund Management and Lapis Energy have agreed that Cresta will fund the origination, development and implementation of CCS and clean hydrogen projects that enable industrial de-carbonisation.

Lapis Energy, a Dallas, Texas-based CCS company was formed by a team of experienced energy professionals and brings together the strategic expertise of BluEnergy, a global consultancy with expertise in CCS, clean hydrogen and the development of low carbon markets, and Viridis Resources, founded by former 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 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," said CEO, Hamish Wilson. "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. 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." 

"We are pleased to partner with Lapis Energy on their global portfolio of CCS development opportunities," said Chris Rozzell, Cresta's managing partner. "The team brings a unique skillset and expertise to solving the complex decarbonization challenges faced by heavy industry and petrochemical companies, many of which have limited near-term greenhouse gas mitigation alternatives.  We are excited that our investment with Lapis Energy allows us to continue to build on our diverse portfolio of companies with sustainable business plans that materially reduce GHG emissions.”

Cresta Fund Management is a growth-oriented, middle market-focused private equity firm with over $1 billion of assets under management that invests in sustainable and conventional energy, industrial, materials, and agricultural infrastructure founded in 2016 and based in Dallas, Texas,

Cresta
Lapis Energy


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