1PointFive has leased land from Weyerhaeuser Company to develop a carbon sequestration hub in northeastern Livingston Parish, Louisiana. 1PointFive intends to use the land to safely and securely sequester CO₂ in underground rock formations while Weyerhaeuser continues to manage the above-ground acreage as a working forest.

1PointFive estimates the hub can store as much as six million metric tons of CO₂ per year– the equivalent to the annual emissions of approximately 1.3 million passenger vehicles, according to the U.S. Environmental Protection Agency (EPA). The Livingston hub, which is planned for operation beginning in 2025, is expected to include 16 wells: five to six wells to inject CO₂ into the geologic storage formation, and eight to 10 wells for monitoring the CO₂ above, below and within the geologic formation.

The current EPA documents refer to two injection wells and a total yearly capacity of 2 MMTPA.

A good reference for project milestones can be found here: https://www.1pointfive.com/livingston