Colorado School of Mines and Carbon TerraVault Awarded $8.9 Million in DOE Funding for CarbonSAFE Project
California Resources Corporation (CRC)
NASDAQ:AMEX Investor Relations:
crc.com/investor-relations
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Source: GlobeNewswire
GOLDEN, Colo. and LONG BEACH, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) -- Colorado School of Mines (Mines) and Carbon TerraVault Holdings, LLC (CTV), a subsidiary of California Resources Corporation (NYSE: CRC), today announced the award of $8.9 million from the U.S. Department of Energy (DOE) for a Carbon Storage Assurance Facility Enterprise (CarbonSAFE) project in California. The grant will allow Mines, CTV, and industry partners Blade Energy Partners and Providence Strategic Consulting to conduct a feasibility study on the CTV III CO2 Storage Project, an underground carbon storage reservoir in San Joaquin County, California. The project will store up to an expected 71 million metric tons (MT) of carbon emissions. The CarbonSAFE Initiative was created by the DOE in 2016 to accelerate the deployment of carbon capture and storage (CCS) by helping stakeholders address key gaps in the implementation of commercial-scale projects. The objectives of the CarbonSAFE Initiative align with
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News
- California Resources Co. (NYSE: CRC) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- California Resources' (NYSE:CRC) Earnings Might Be Weaker Than You Think [Yahoo! Finance]Yahoo! Finance
- California Resources Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions [Yahoo! Finance]Yahoo! Finance
- California Resources Co. (NYSE: CRC) was downgraded by analysts at StockNews.com from a "hold" rating to a "sell" rating.MarketBeat
- California Resources Third Quarter 2024 Earnings: Beats Expectations [Yahoo! Finance]Yahoo! Finance
CRC
Earnings
- 11/5/24 - Beat
CRC
Sec Filings
- 11/12/24 - Form SC
- 11/12/24 - Form SC
- 11/7/24 - Form 4
- CRC's page on the SEC website