Carbon TerraVault Holdings announced yesterday two new storage-only Carbon Dioxide Management Agreements (CDMA) with Yosemite Clean Energy and InEnTec Inc.
Thus, Carbon TerraVault (CTV) has started off 2023 with a bang, as the company continues to increase its carbon storage capacity also by submitting yet another Class VI permit to the US Environmental Protection Agency (EPA).
Mac McFarland, Chairman of the CTV Board, commented on the permit submission: “We expect to receive a draft Class VI permit for CTV I by the end of the year and plan to further expand and diversify CTV’s portfolio of customers across the energy spectrum in the state of California.”
Furthermore, as the company describes them, its two new partners are both organizations strongly committed to the energy transition in California.
The CDMA signed with Yosemite is for the injection of 40,000 metric tons of carbon dioxide per year for permanent storage in the planned Yosemite Hydrogen Facility in Oroville, Northern California.
And the CDMA with InEnTec is for a larger quantity of at least 100,000 metric tons of CO2 per annum that are set to be captured from InEnTec’s future renewable dimethyl ether (rDME) production facility in Kern County, California, and injected in the CTV I carbon storage vault.
These two new agreements bring CTV’s total carbon storage rate up to 610,000 metric tons of carbon dioxide per year.
Yosemite CEO Thomas Hobby praised California for spearheading the development of both sustainable and economically feasible climate solutions that can help bring about a carbon-neutral economy.