Lapis Carbon Solutions, alongside its partner Big River Resources LLC, filed a Class VI application for a new carbon capture and storage project next to Big River’s ethanol facility in Galva.
The project is designed to permanently store more than 725,000 metric tons of carbon dioxide each year for 12 years. Company officials say the effort will help lower the carbon intensity of Big River’s products and strengthen its position in the low‑carbon fuels market.
The filing comes after Lapis completed a stratigraphic test well that confirmed the geology beneath the Galva site is suitable for long‑term CO2 storage. The captured carbon would qualify for federal tax credits under section 45Q.
“Our partnership with Big River marks an expansion into the Midwest, a market where bespoke carbon solutions are needed now more than ever,” Lapis CEO Reg Manhas said. “This shows the expertise of our world‑class team to find creative solutions that are customized to the needs of the emitter and of the local community.”
Big River Resources CEO Dave Zimmerman said the project represents a major step for the company and for Galva.
“This is an exciting development for Big River Resources and for Galva. With carbon capture and storage capabilities, we can extract more value from ethanol production,” Zimmerman said. “We can then return that value to our shareholders, our customers and the communities where we operate.”
Lapis Carbon Solutions is a Dallas‑based developer and operator of carbon capture, utilization and storage projects. The company provides customized services for emissions‑intensive industries and is backed by Cresta Fund Management, a private equity firm focused on sustainable infrastructure.
Big River Resources operates ethanol plants and grain facilities across the Midwest, including its Galva location, and employs more than 260 full‑time workers.
