CDMA spectral efficiency

Verde Clean Fuels Announces Carbon Capture Agreement for Renewable Gasoline Plant in California

Retrieved on: 
Tuesday, August 1, 2023
Environment, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Agriculture, Natural Resources, Carbon, Heart, Partnership, Carbon dioxide, CRC, CDMA, Gasoline, CTV, BEP, GHG, CDMA spectral efficiency, Fuel pump, Brookfield Renewable Partners, FID, RG, Natural gas, CO2, Transport, Biomass, California Resources Corporation, NYSE, Economics, Renewable energy

Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).

Key Points: 
  • Verde Clean Fuels (“Verde”) (Nasdaq: VGAS), a company focused on becoming the leading supplier of gasoline and other fuels derived from renewable feedstocks or natural gas, today announced a Carbon Dioxide Management Agreement (CDMA) between Verde and Carbon TerraVault JV HoldCo, LLC (“CTV JV”), a carbon management partnership focused on carbon capture and sequestration development formed between Carbon TerraVault, a subsidiary of California Resources Corporation (“CRC”) (NYSE: CRC), and Brookfield Renewable (NYSE: BEP).
  • Under the terms of the agreement, Verde will construct a new renewable gasoline production facility at CRC’s existing Net Zero Industrial Park in Kern County, California.
  • “This new agreement between CTV JV and Verde Clean Fuels provides an innovative approach to renewable fuels at the heart of energy development in the state, and further validates CRC’s decarbonization efforts by a publicly traded company looking to expand in California.”
    The renewable gasoline facility will employ Verde proprietary and innovative liquid fuels technology to convert synthetic gas (syngas) into renewable gasoline.
  • ( www.inentec.com ) The project is expected to produce approximately 7 million gallons per year of renewable gasoline for use as transportation fuel.

Carbon TerraVault Provides Second Quarter 2023 Update

Retrieved on: 
Monday, July 31, 2023
Other Energy, Environment, Oil, Gas, Alternative Energy, Green Technology, Energy, Climate Change, Carbon, Heart, Class 6, Partnership, CRC, CDMA, Carbon dioxide, Gasoline, MMT, CTV, CDMA spectral efficiency, Petroleum & Resources Corporation, NYSE, EPA, FID, RG, Natural gas, Transport, Biomass, California Resources Corporation, CO2, Economics, Renewable energy, Lone Cypress

CRC also more than doubled the expected sequestration volume of its previously announced Lone Cypress Energy Services, LLC, (Lone Cypress) blue hydrogen project.

Key Points: 
  • CRC also more than doubled the expected sequestration volume of its previously announced Lone Cypress Energy Services, LLC, (Lone Cypress) blue hydrogen project.
  • “The Carbon TerraVault team continued to make substantial progress through the first half of the year, with four administratively complete EPA Class VI permit applications and 191 million metric tons (MMT) of CO2 storage capacity submitted to EPA for Class VI permits to date.
  • The project is expected to produce more than 7.5 million gallons per year of renewable gasoline for use as transportation fuel.
  • The CDMA provides a path for the parties to reach final definitive documents and FID

Carbon TerraVault Announces Two New Storage-Only Carbon Dioxide Management Agreements and Submission of Another Class VI Permit to the EPA

Retrieved on: 
Tuesday, May 2, 2023
Environment, Other Transport, Climate Change, Other Energy, Transport, Utilities, Oil, Gas, Alternative Energy, Green Technology, Energy, Carbon, Hydrogen, Heart, Carbon dioxide, CRC, Farmer, CDMA, MMT, CTV, CDMA spectral efficiency, Burn, SPB, Economics, Petroleum & Resources Corporation, NYSE, EPA, MTPA, Carbon monoxide, FID, Decay, Soot, Superior, CRC Energy Efficiency Scheme, TSX, CCS, Climate, Methane, Biomass, Greenhouse, California Resources Corporation, CO2, Air pollution, VI, Gasoline, Renewable energy, Natural gas, Coal, Mobile phone, Commercial property, Yosemite National Park

“2023 began on a good note for Carbon TerraVault as we continued to expand our carbon management storage capacity by submitting another Class VI permit to the EPA and entering into two additional Carbon Dioxide Management Agreements with reputable partners who are committed to energy transition in California,” said Mac McFarland, Chairman of the CTV Board.

Key Points: 
  • “2023 began on a good note for Carbon TerraVault as we continued to expand our carbon management storage capacity by submitting another Class VI permit to the EPA and entering into two additional Carbon Dioxide Management Agreements with reputable partners who are committed to energy transition in California,” said Mac McFarland, Chairman of the CTV Board.
  • Called the Yosemite Hydrogen Facility, the plant is expected to produce 24,000 kilogram (KG) per day of hydrogen.
  • Over the next 10 years, Yosemite plans to construct two additional hydrogen facilities in California with similar technical and production characteristics.
  • Syngas is a combination of hydrogen, methane, CO2, carbon monoxide, and other trace gases that is used to produce other fuels.