Louisiana Green Fuels Fund Updates > LGF Test Well Success
Test Well SuccessThe Louisiana Green Fuels (“LGF”) project has just passed another significant de-risking milestone; operations are now complete at the Test Well and the geological consultant engineers, Geostock Sandia*, have confirmed that the injection testing has been successful.
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Ballast Rock Louisiana due diligence trip
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The Results
These results show both the presence of the required confinement layers as well as confirming that those sequestration layers have sufficient storage capacity for the CO2 for well in excess of the amount needed for this managed forest waste biomass based synthetic diesel refining facility. The full analysis of the Test Well results will take some time to compile and will form the basis of LGF’s application to the U.S. EPA for their Class VI sequestration well permit (expected to be issued within 12-18 months).
The test well was the main “showstopper” for Stage 1 of the project and now with positive confirmation of the geology at the site, we can confirm that Ballast Rock Ventures will launch our LGF fund as planned in early July for Stage 2 development capital.
Although the fund is still pre-launch, we have had a lot of investor enquiry and already have significant capital reservations for the fund. Please click to login to the investor portal, see the LGF Project Page, and reach out to me if you would like to find out more about the project and the Ballast Rock Ventures LGF Fund investment.
The test well was the main “showstopper” for Stage 1 of the project and now with positive confirmation of the geology at the site, we can confirm that Ballast Rock Ventures will launch our LGF fund as planned in early July for Stage 2 development capital.
Although the fund is still pre-launch, we have had a lot of investor enquiry and already have significant capital reservations for the fund. Please click to login to the investor portal, see the LGF Project Page, and reach out to me if you would like to find out more about the project and the Ballast Rock Ventures LGF Fund investment.