Colorado School Of Mines And California Resources' Carbon TerraVault Awarded $8.9M in DOE Funding For CarbonSAFE Project
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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
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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.
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