CTV I

Carbon TerraVault Logo

California Resources Corporation (CRC) has identified up to 1 billion metric tons of potential carbon dioxide (CO2) permanent storage capacity across California that will help contribute to the decarbonization of the state.

CRC has applied for permits and the environmental review has begun for two initial permanent carbon capture and storage (CCS) vaults at the Elk Hills Field – which are collectively referred to as Carbon TerraVault I.

These vaults will have the ability to store CO2 from industrial sources into depleted underground reservoirs and permanently store CO2 deep underground. With a total estimated capacity of up to 46 million metric tons of storage, Carbon TerraVault I will be capable of injecting over 1 million metric tons of CO2 per year, equivalent to the annual emissions of approximately 200,000 passenger vehicles.

CCS projects can have immediate and long-lasting environmental, economic, and employment benefits to nearby communities. The Elk Hills Field is of particular focus given the ample availability of multiple depleted reservoirs. The rural Elk Hills oil complex spans nearly 75 square miles, with no burden on local communities, and includes more than 25,000 acres of habitat conservation lands.

Carbon Dioxide Management Agreement With Lone Cypress Energy Services, LLC

CRC has formed a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault JV Holdco, LLC (CTV JV) and Lone Cypress Energy Services, LLC (Lone Cypress), an independent energy company focused on the development of low-carbon hydrogen generation facilities and energy infrastructure, to sequester 100,000 metric tons of CO2 per annum from a newly constructed blue hydrogen plant at the Elk Hills Field in Kern County. Called the Lone Cypress Hydrogen Project, the project aims to be California’s first blue hydrogen facility producing 30 tons per day and has the potential to expand to 60 tons per day of blue hydrogen with up to 200,000 metric tons of CO2 sequestration per annum. For more information, read the full press release and presentation (PDF).

Carbon TerraVault I – Elk Hills Field:

  • Safe, permanent storage of up to 46 million metric tons of CO2
  • Equivalent of capturing the annual emissions of approximately 200,000 passenger vehicles

The Elk Hills Field is “one of the premier CO2 sequestration sites in the U.S. …an optimal site for safe and secure sequestration of CO2.”
- California Energy Commission

Map of oil fields in the San Joaquin Basin in California