Carbon TerraVault

California Resources Corporation’s (CRC) Carbon TerraVault (CTV) is a series of CCS projects that inject carbon dioxide (CO2) captured from industrial sources into depleted underground oil and gas reservoirs and permanently store CO2 deep underground.

According to the International Energy Agency, CCS is one of the only technology solutions that can “…deliver the deep emissions reductions needed across key industrial processes…, all of which will remain vital building blocks of modern society.”

CCS provides a real solution for reaching and maintaining carbon neutrality, and helping California meet the emissions reduction goals under the Paris Climate Accord. With some of the strongest decarbonization goals in the country, the state is a leader in addressing climate change, and is committed to pursuing innovative technology solutions to achieve its emissions reductions and mitigate climate change.

CCS is also a pillar of CRC’s carbon management strategy and 2045 Full-Scope Net Zero goal for Scope 1, 2 and 3 emissions. Adopted in November 2021, CRC’s Net Zero goal places the company among a select few industry peers to include scope 3 emissions in their Net Zero goal. Learn more on our ESG Goals page in our ESG section.

Carbon TerraVault Logo

Supporting California in its effort to achieve some of the most ambitious decarbonization goals in the U.S.:

  • Carbon neutrality by 2045
  • Net-negative emissions thereafter

For more information, please contact:
Bryce Schneider
Sr. VP – Carbon Solutions
bryce.schneider@crc.com
(972) 467-7934