In May 2022, California Resources Corporation (CRC) applied for two Class VI permits for an additional 94 million metric tons of permanent carbon dioxide (CO2) storage for two new Carbon TerraVault carbon capture and storage (CCS) vaults in the Sacramento basin, which, subject to approval, brings its total potential permitted storage to 140 million metric tons.
Carbon Dioxide Management Agreement With Grannus, LLC
CRC entered into a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), an independent clean-tech company that is building a portfolio of blue ammonia and hydrogen production facilities to supply the agriculture, mobility and marine fuel markets, to sequester 370,000 metric tons (MT) of CO2 per annum at CTV III from a new blue ammonia and hydrogen plant to be constructed in Northern California. Called the Grannus Blue Ammonia and Hydrogen Project, the project aims to be California’s first blue ammonia and hydrogen facility producing 150,000 MT per annum of blue ammonia and 10,000 MT per annum of blue hydrogen. For more information, read the full press release and presentation (PDF).