California Resources Reaches Carbon Capture Milestone with First CO₂ Injection

California Resources Corporation has completed the first CO₂ injection at Carbon TerraVault I, a major milestone for carbon management in California. The facility can store 1.46 million metric tons of CO₂ annually at maximum capacity. CRC has partnered with Brookfield and committed to $1 million in local community benefits.

California Resources Corporation marked a significant achievement in the field of carbon capture with the completion of the first CO₂ injection at Carbon TerraVault I . Located at the Elk Hills Field in Kern County, this project is California's first operational carbon capture and storage facility.

According to available information, Carbon TerraVault I has a capacity to store up to 1.46 million metric tons of CO₂ annually at maximum capacity .

The milestone has been recognized by industry observers, who acknowledge the project's potential to make a meaningful contribution to California's carbon management efforts. The joint venture with Brookfield has also generated significant economic benefits for the local community, including over $1 million in partnership commitments .

California Resources Reaches Carbon Capture Milestone with First CO₂ Injection

Related Stocks