Carbon TerraVault II & III — CTV II & CTV III

Overview

Status

Announced

Region

North America

Geography

USA

State

California

Equity Owner

Carbon TerraVault (California Resources Corporation, Brookfield Renewable)

Proponent

Carbon TerraVault (California Resources Corporation, Brookfield Renewable)

Output

Carbon capture and storage (CCS)

Type of electricty

Capacity

94 million metric tons of potential permanent CO2 storage

Financing

Technology

Technical Advisors

Advisors

Project Contact

Mac McFarland, Chairman of the CTV Board

Lawyers

Project Cost

Offtaker

Commercial Operations Date

Decommission Date

FID

Description

Two Carbon TerraVault carbon capture and storage (CCS) vaults – CTV II and III – in the Sacramento basin, in California, for a total of 94 million metric tons of potential permanent CO2 storage.

In January 2023, CRC entered into a Carbon Dioxide Management Agreement (CDMA) with independent clean-tech company Grannus, LLC. The Grannus Blue Ammonia and Hydrogen Project will 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 to supply the agriculture, mobility and marine fuel markets.

January 4, 2023

California Resources inks CO2 management agreement for blue ammonia and hydrogen plant

California Resources Corporation today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), to sequester 370,000 metric tons (MT) of carbon dioxide...