Published by Todd Bush on November 2, 2023
Announcing the First Fully Integrated Capture to Storage CO2 Project at Elk Hills and a New Storage Only CDMA with NLC Energy
November 01, 2023 05:25 PM Eastern Daylight Time
LONG BEACH, Calif.--(BUSINESS WIRE)--Carbon TerraVault(CTV), a subsidiary of California Resources Corporation (NYSE: CRC) which provides carbon management services that include capture, transport and storage of carbon dioxide (CO2) for its customers, today provided an update on its operations.
“During the third quarter, our team made tremendous progress on the Carbon TerraVault front by announcing California's first 100 thousand metric tons per year fully integrated capture to storage project and by bringing the number of emission under CDMAs close to 1 million metric tons per year,” said Francisco Leon, CRC’s President and Chief Executive Officer. “Our carbon management strategy reflects our determination to provide solutions for hard-to-decarbonize industries and new technologies alike.”
Primary Highlights
First Capture to Storage Project at the CTV Clean Energy Park
Today, CTV announced plans to construct a capture to storage facility at the CTV Clean Energy Park (formerly Net Zero Industrial Park) at Elk Hills Field in Kern County, California, that will remove approximately 100,000 MTPA of associated CO2 from inlet gas used for Elk Hills Power Plant (EHPP) for permanent sequestration at the CTV I reservoir.
Located in close proximity to the EHPP, CTV estimates the new pre-combustion CO2 capture project will increase operational efficiency of the cryogenic gas processing plant, improve propane recovery, and reduce the carbon intensity of the electricity generated by EHPP. This will further reduce CRC's Scope 1 emissions from EHPP and Scope 2 emissions from the hydrocarbon products produced from the Elk Hills field.
Highlights of the New Capture to Storage Project Include:
NLC Energy, LLC CDMA
Carbon TerraVault JV HoldCo, LLC (CTV JV) has entered into a storage only CDMA with NLCE, a company that designs, builds, owns, and operates renewable natural gas (RNG) facilities that convert organic waste into useful commodities like clean energy, organic nutrients, clean water, organic liquid carbon dioxide, and dry ice, to sequester a minimum of 150,000 MTPA of CO2 at the CTV I reservoir.
The CDMA expects NLCE will build a new waste to energy production facility at the CTV Clean Energy Park at Elk Hills. This new facility is expected to produce up to 7,000 million British thermal units (MMBtu) per day of RNG from biomass and other agricultural waste feedstock to provide decarbonized energy to other companies’ green technology facilities located at the park, and sell into the California market, further reducing the carbon intensity of the state’s hard-to-abate sectors.
“This project highlights the value proposition of our CTV Clean Energy Park and its important role within Carbon TerraVault’s strategy,” said Francisco Leon, CRC’s President and Chief Executive Officer. “We welcome NLCE as a trusted partner in developing and furthering California’s decarbonization efforts and supporting Kern county’s ambitions to become the leading carbon sequestration area in the state.”
“Low-carbon, renewable natural gas replaces higher-carbon fuels that are used in transportation, utilities, and manufacturing,” said Bruce S. MacDonald, NLCE’s Founder and President. “Our clients and partners are continuing to make efforts to meet net-zero carbon emission objectives, and this exciting agreement with CTV opens a new set of growth opportunities for NLCE in California and helps decarbonize California’s essential industries.”
Highlights of the NLCE CDMA Include:
EPA Class VI Permitting Update
As of September 30, 2023, CRC has submitted 6 Class VI permits to the EPA for a total projected storage capacity of 191 MMT. CTV expects the receipt of its first draft EPA Class VI permit for CTV I 26R reservoir by year end and its second permit for CTV I's A1-A2 reservoir in the first half of 2024.
Carbon TerraVault Holdings, LLC (CTV), a subsidiary of CRC, provides services that include the capture, transport and storage of carbon dioxide for its customers. CTV is engaged in a series of CCS projects that inject CO2 captured from industrial sources into depleted underground reservoirs and permanently store CO2 deep underground. For more information about CTV, please visit www.carbonterravault.com.
Carbon TerraVault Joint Venture is a carbon management partnership focused on carbon capture and sequestration development, and was formed between Carbon TerraVault, a subsidiary of CRC, and Brookfield Renewable. The CTV JV develops both infrastructure and storage assets required for CCS development in California. CRC owns 51% of the CTV JV with Brookfield Renewable owning the remaining 49% interest.
California Resources Corporation (CRC) is an independent energy and carbon management company committed to energy transition. CRC has some of the lowest carbon intensity production in the US and it is focused on maximizing the value of its land, mineral and technical resources for decarbonization by developing CCS and other emissions reducing projects. For more information about CRC, please visit www.crc.com.
NLC Energy (NLCE) is a leading waste-to-energy provider, which owns and operates renewable natural gas facilities. Methane is captured and harvested from organic waste to produce energy, as well as renewably sourced, food-grade dry ice, and beverage-grade liquid CO2. NLC Energy has the ability to process both manure and food waste as feedstocks, and has a track record of safe and reliable production. A seasoned team includes experts in bio engineering, anaerobic digester technology, and advanced control systems. This team is committed to creating durable environmental solutions, and has developed new technologies that are already shaping the future of renewable natural gas production. To learn more about NLC Energy, visit www.nlcenergy.com.
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