Colorado School Of Mines And California Resources' Carbon TerraVault Awarded $8.9M in DOE Funding For CarbonSAFE Project
Portfolio Pulse from Benzinga Newsdesk
Colorado School of Mines and Carbon TerraVault, a subsidiary of California Resources Corporation (CRC), received $8.9 million from the DOE for a CarbonSAFE project in California. The project aims to store up to 71 million metric tons of CO2, aligning with California's carbon neutrality goals.
October 08, 2024 | 1:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
California Resources Corporation's subsidiary, Carbon TerraVault, received $8.9 million from the DOE for a carbon storage project. This aligns with California's carbon neutrality goals and could enhance CRC's position in carbon capture technology.
The DOE funding supports CRC's subsidiary in a significant carbon storage project, aligning with state goals and potentially enhancing CRC's market position in carbon capture technology. This positive development could lead to increased investor interest.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80