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flag CRC and CTV receive first EPA permits for CO2 storage in California, allowing up to 38M metric tons.

flag California Resources Corporation (CRC) and its subsidiary Carbon TerraVault (CTV) have received the first Class VI well permits from the EPA for underground CO2 storage in California. flag The permits allow for CO2 injection into the 26R reservoir at CRC's Elk Hills Field, with an annual storage capacity of 1.46 million metric tons and a total capacity of up to 38 million metric tons. flag This milestone underscores CRC's leadership in carbon capture and storage solutions.

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