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CRC’s Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California - Tue, 12/31/2024 - 08:00
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CRC’s Carbon TerraVault Receives EPA Permits for CO2 Injection and Storage in California December 31, 2024 PDF Version Represents Nation’s First Class VI Permits to Sequester CO2 in Depleted Oil and Natural Gas FieldsLONG BEACH, Calif., Dec. 31, 2024 (GLOBE NEWSWIRE) -- California Resources Corporation (NYSE: CRC) and its carbon management business, Carbon TerraVault (CTV), today announced receipt of final Class VI well permits from the Environmental Protection Agency (EPA) for underground injection and storage of carbon dioxide (CO2) into the 26R reservoir, located at CRC’s Elk Hills Field in Kern County, California. The 26R reservoir is part of CTV’s joint venture with Brookfield.“We are proud to have received the state’s first Class VI permits, enabling us to advance critical clean energy projects in California,” said F...
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