La Paloma Carbon Capture and Sequestration Project

planned

California Resources Corporation's Carbon TerraVault and Capital Power signed a non-binding Memorandum of Understanding (MOU) to evaluate carbon capture and sequestration (CCS) solutions for Capital Power's La Paloma 1.1 GW natural gas combined-cycle generation facility in Kern County, California. The project includes evaluating Carbon TerraVault as the exclusive transportation and sequestration provider for up to 3 million metric tons per annum of CO2, along with assessing data center sites, power infrastructure, permitting, and integration opportunities. The MOU is subject to definitive agreements, a final investment decision, and EPA Class VI and other regulatory approvals.