From GlobeNewswire: 2024-12-31 12:41:20

California Resources Corporation (CRC) and Carbon TerraVault (CTV) have received the nation’s first Class VI permits from the EPA to sequester CO2 in depleted oil and natural gas fields in Kern County, California. The 26R reservoir, part of CTV’s joint venture with Brookfield, has an expected injection rate of 1.46 million metric tons of CO2 per annum, with a total estimated capacity of up to 38 million metric tons. CRC is focused on developing CCS projects to capture, transport, and permanently store CO2 for industrial partners in California, emphasizing environmental stewardship and energy transition. For more information, visit www.crc.com.



Read more at GlobeNewswire: CRC’s Carbon TerraVault Receives EPA Permits for CO2