Core Insights - Vallourec supports California Resources Corporation's pioneering carbon capture and storage (CCS) project, Carbon TerraVault I (CTV I), marking a significant milestone in the global CCS industry [1][2] Group 1: Project Overview - CTV I is California's first CCS facility to secure U.S. EPA Class VI permits for CO₂ injection and storage in depleted oil and gas reservoirs, representing a critical advancement for the CCS sector [2] - The first injection at CTV I is planned for spring 2026, with a maximum capacity to store up to 1.46 million metric tons (MT) of CO₂ per year, contributing to a total planned capacity of over 350 million MT across the broader CTV portfolio [3] Group 2: Technological Contributions - Vallourec's advanced tubular technologies are essential for ensuring well integrity and long-term storage performance, utilizing premium VAM® 21 connections on corrosion-resistant alloy (CRA) pipe [4] - The deployment of CLEANWELL® dope-free technology in this onshore CCS project enables cleaner and more sustainable operations [4] Group 3: Strategic Importance - The collaboration with Vallourec is seen as a critical step toward scaling the CCS industry and achieving California's climate goals, highlighting the importance of advanced technology and material expertise in delivering reliable carbon storage solutions [5] - Vallourec's strategic focus on New Energies is underscored by its role in supporting energy transformation and accelerating global decarbonization efforts [5]