Carbon TerraVault (CTV) and National Cement signed a MoU for California’s first net-zero cement facility. CTV, which is part of the California Resources Corp. (CRC), plans to develop transportation and sequestration solutions for up to 1 Mta of carbon dioxide (CO₂), captured from National Cement’s plant in Lebec, Kern County. The captured CO2 shall be safely transported and securely stored in one of CTV’s underground storage reservoirs. The company has a proven carbon management expertise and several strategically located CO2 storage assets. The Elk Hills Field onshore asset (photo) of CRC is located 20 miles west of Bakersfield in Kern County. Pending customary approvals, operations are expected to start in 2031.
What quantity of CO2 can be stored in the underground reservoirs.Is it a rock formation?
What would be the cost of transportation of CO2 from the plant to the reservoirs. Are the reservoirs storage tanks or is it that the gas gets absorbed in some rock formation?
If it is an artificial storage facility, will it be possible to retrieve the gas later on and use it in say Concrete?