California Resources Corporation Schedules Virtual Carbon Storage Update

Rhea-AI Summary

California Resources Corporation (NYSE: CRC) will host a virtual Carbon Storage Update on October 6, 2021, at 1 p.m. ET. The event will highlight the launch of CRC’s Carbon TerraVault I, aimed at capturing and permanently storing carbon dioxide (CO₂) emissions. Attendees will also learn about the CalCapture project, focusing on the capture and utilization of CO₂ for enhanced recovery, and CRC’s strategic role in carbon capture to support California's energy transition. Registration is encouraged for this informative session.

Positive

• Launch of Carbon TerraVault I project for CO2 storage.
• Update on CalCapture project aimed at CO2 utilization.
• Demonstrates CRC's commitment to energy transition and carbon capture technologies.

Negative

• None.

California Resources Corporation (NYSE: CRC) announced today that it will hold a virtual Carbon Storage Update on Wednesday, October 6, 2021, at 1 p.m. ET (10 a.m. PT). Adoption of carbon capture technologies is critical to achieving greenhouse gas emission reduction goals around the world. This event will provide details on the launch of CRC’s Carbon TerraVault I, a carbon capture and storage (CCS) project focused on the capture and permanent storage of carbon dioxide (CO₂) emissions, an update on CalCapture, the carbon capture, utilization, and storage (CCUS) project focused on the capture and utilization of CO₂ for additional enhanced recovery, and an insight into CRC’s strategic carbon capture advantage and efforts to aid the energy transition in the State of California. Participants are encouraged to preregister for the virtual Carbon Storage Update here or can access the webcast in the Investor Relations section on www.crc.com on the day of the event.

About California Resources Corporation (CRC)

California Resources Corporation (CRC) is an independent oil and natural gas company committed to energy transition in the sector. CRC has some of the lowest carbon intensity production in the US and we are focused on maximizing the value of our land, mineral and technical resources for decarbonization by developing Carbon Capture and Storage (CCS) and other emissions reducing projects. For more information about CRC, please visit www.crc.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210823005580/en/

FAQ

When is California Resources Corporation's Carbon Storage Update event?

The Carbon Storage Update event is scheduled for October 6, 2021, at 1 p.m. ET.

What is the focus of CRC's Carbon TerraVault I project?

The Carbon TerraVault I project focuses on the capture and permanent storage of carbon dioxide (CO2) emissions.

How can I attend the CRC Carbon Storage Update event?

Participants can preregister for the event online or access the webcast through CRC's Investor Relations page.

What is the purpose of the CalCapture project mentioned in the CRC press release?

The CalCapture project aims to capture and utilize CO2 for enhanced recovery.