California Resources Signs MOU to Drive Decarbonized Power Solutions

Key Takeaways CRC signed an MOU to provide carbon capture, transport and sequestration services to MRP power plants.The deal initially targets two facilities emitting a combined 2.75M metric tons of CO2 annually.CRC's unit will exclusively handle CO2 transport and storage under California's climate framework.California Resources Corporation (CRC) , a CA-based oil and gas exploration and production company, has taken a significant step forward in its carbon management business through a new partnership with ...