Climate Investment invests in Elk Hills Carbon, a project to design and permit California’s first carbon capture and sequestration system
25 February 2020
OGCI Climate Investment has partnered with California Resources Corporation to create Elk Hills Carbon. Climate Investment will provide funding and technical input into the CCUS project which could capture up to 4,000 metric tons of CO2 per day.
OGCI Climate Investment has partnered with California Resources Corporation (CRC) to form Elk Hills Carbon. Climate Investment has invested in and will provide technical input into the project to design and permit California’s first carbon capture and sequestration system. The project would capture carbon dioxide from the Elk Hills power plant and inject it into underground oil formations. This would displace remaining oil, while permanently trapping the carbon dioxide deep underground.
