California Resources Corporation and Capital Power Sign MOU to Develop Carbon Capture at La Paloma Facility
Reuters
Nov 05, 2025
California Resources Corporation and Capital Power Sign MOU to Develop Carbon Capture at La Paloma Facility
California Resources Corporation $(CRC)$ and its carbon management business, Carbon TerraVault $(CTV)$, have signed a Memorandum of Understanding (MOU) with Capital Power to explore decarbonized power solutions in California. The partnership will focus on developing carbon capture and sequestration $(CCS)$ solutions for Capital Power's 1.1 GW La Paloma natural gas facility in Kern County. Under the MOU, CTV may serve as the exclusive provider for transporting and sequestering up to 3 million metric tons of captured CO2 per year. The collaboration also includes evaluating potential data center sites, power infrastructure needs, regulatory permitting, and further integration opportunities, aiming to support California's broader decarbonization goals.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. California Resources Corporation published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9568609-en) on November 04, 2025, and is solely responsible for the information contained therein.
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