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created at
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Carbon TerraVault and National Cement Sign MOU for California’s First Net Zero Cement Facility - Mon, 03/03/2025 - 08:03
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Carbon TerraVault and National Cement Sign MOU for California’s First Net Zero Cement Facility March 3, 2025 PDF Version Carbon TerraVault Expects to Transport and Sequester up to 1 Million Metric Tons of CO2 Emissions AnnuallyLONG BEACH, Calif., March 03, 2025 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced the signing of a Memorandum of Understanding1 (MOU) with National Cement Company of California Inc. (National Cement) to provide carbon management services for the “Lebec Net Zero” - a first-of-its-kind initiative to produce carbon-neutral cement at National Cement’s facility in California.MOU Highlights:CTV plans to develop transportation and sequestration solutions for up to 1 million metric tons per annum (MMTPA) of carbon ...
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