California Resources (CRC) announced approval of the Golden State’s first carbon capture and storage, CCS project, located at CRC’s Elk Hills cryogenic gas plant in Kern County, California. “We are pleased to advance California’s first CCS project to the next stage of its development highlighting our ability to deliver carbon management solutions while reducing our own emissions,” said Francisco Leon, CRC’s President and Chief Executive Officer. “This project strengthens Carbon TerraVault’s economic opportunities and positions us to create lasting value for our shareholders and partners. Carbon TerraVault remains at the forefront of providing innovative decarbonization solutions that support a cleaner, affordable, and reliable energy future for California.”
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