Carbon TerraVault Provides 2023 Update
Carbon TerraVault (CTV) today provided an update on its 2023 operations.
- Carbon TerraVault (CTV) today provided an update on its 2023 operations.
- California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
- “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
- The CDMA provides a path for the parties to reach final definitive documents and final investment decision.