California Resources outlines potential CO2 pipeline network to link California emitters with TerraVault storage sites
CRC•California Resources outlines potential CO2 pipeline network
- California Resources Corp outlined a strategy to expand its carbon storage platform through the Crimson pipeline acquisition.
- The deal covers a roughly 2,000-mile pipeline network, including the 220-mile KLM corridor, adding land rights for a potential CO2 system.
- The potential network could link Northern and Central California industrial emitters to TerraVault storage projects with 352 MMT permit volumes submitted to the EPA.
- Pipeline optionality could broaden the addressable market by enabling CO2 storage from emitters not co-located with reservoirs.
- CRC highlighted its California marketing advantage, citing 350 MMcf/d of contracted natural gas transport capacity.
