CRC’s CCS project, which would be the state’s first, will be capable of injecting and storing more than 1 million metric tons of CO2 per year underground once it becomes operational. (Source: Shutterstock/ California Resources Corp.)
California took a leap forward in efforts to store captured CO2 underground in a statewide first, following Kern County’s approval of California Resources Corp.’s (CRC) permit for the Carbon TerraVault 1 carbon capture and storage (CCS) project.
CRC announced the milestone for its Carbon TerraVault carbon management business Oct. 21. The unanimous approval of a conditional use permit by the Kern County Board of Supervisors clears the company to start construction activities for the project.
“This is a significant step forward for Kern County and CRC in supporting energy transition in California,” CRC CEO Francisco Leon said in a news release. “We believe that carbon capture technology will lead to the creation of new energy jobs and improve air quality in Kern County.”
CCS is expected to play a major role in lowering greenhouse-gas emissions. CCS technologies capture CO2 produced by industrial and other emitters, transport the emissions and inject them for permanent storage deep underground in rock formations such as saline aquifers or depleted oil and gas reservoirs.
CRC’s CCS project, which would be the state’s first, will be capable of injecting and storing more than 1 million metric tons of CO2 per year underground once it becomes operational. The Carbon TerraVault 1 storage reservoir has a total estimated capacity of up to 46 million metric tons of CO2 storage, the company said.
The project is located at CRC’s Elk Hills Field in Kern County, California. In the news release, CRC said the field is recognized by the California Energy Commission as “one of the premier CO2 sequestration sites in the U.S.”
Carbon TerraVault 1 is one of several CCS projects that CRC is pursuing across California’s San Joaquin and Sacramento basins. The company has applied for several federal Class VI permits for underground storage vaults in the state.
CRC has said it expects first CO2 injection at Carbon TerraVault 1 by year-end 2025.
The company’s third-quarter 2023 earnings call is scheduled for Nov. 6.
Recommended Reading
Russia Declares Federal Emergency Over Black Sea Oil Spill
2024-12-26 - Russia declared a federal emergency on Dec. 26 over an oil spill in the Black Sea.
Venture Global's LNG Tanker Heading Towards Germany, LSEG Data Shows
2024-12-26 - U.S. LNG company Venture Global LNG's tanker Venture Bayou is currently stationed at the Plaquemines LNG export plant.
US NatGas Prices Hit 23-Month High on Increased LNG Feedgas, Heating Demand
2024-12-24 - U.S. natural gas futures hit a 23-month high on Dec. 24 in thin pre-holiday trading.
Midwesterners to CCUS: Not in My Corn Field
2024-12-24 - Midstream firms in the Midwest are running into brick walls of local opposition against carbon capture projects.
Oil Prices Rise in Thin Pre-Holiday Trade
2024-12-24 - Supply and demand changes in December have been supportive of oil price's current less-bearish view so far, analysts say.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.