Carbon TerraVault acquired California Resources Corporation's Carbon TerraVault platform.
Published
Signal category
Strategy & Corporate Development
Quote
“This acquisition creates new potential opportunities for California Resources Corporation's Carbon TerraVault platform.”
— Chris Gould|Carbon TerraVault team
Company
Carbon TerraVault
Committed to Our Net Zero Future.
- Industry
- Services for Renewable Energy
- Company size
- 17 employees
Carbon TerraVault (CTV), California Resources Corporation (CRC) carbon management business, is advancing solutions that support California’s climate goals. CTV provides services that include the capture, transport, and permanent storage of carbon dioxide (CO₂). Through carbon capture and storage (CCS) projects, CTV safely injects CO₂ captured from industrial sources into depleted underground reservoirs for long-term storage. CRC launched CTV as part of its carbon management business in 2021 to help advance the energy transition and curb rising global temperatures at 1.5°C. By developing scalable, low-carbon solutions, CTV aims to support decarbonization while creating economic opportunities in local communities. For more information about CTV, please visit www.carbonterravault.com.