CEO Francisco Leon discusses the implementation of a carbon capture project in Kern County. The initiative aims to reduce emissions and integrate carbon management into the company's operational strategy. This project highlights the role of industrial carbon capture in California's climate goals and the specific challenges of deploying these technologies in active oil and gas regions.
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California Resources is pushing a carbon capture project in Kern County. It is a move toward lower emissions, but the actual tonnage of carbon they plan to sequester is not clear from the summary.
The real question is whether this is for permanent storage or enhanced oil recovery. The incentives change completely depending on if the carbon stays underground or just helps pull more oil out.
Carbon capture requires a massive amount of energy to run the compressors and capture units. I wonder what the parasitic load is and if they have the power capacity on site to handle it.
Another project in Kern. It will be interesting to see if this scales or if it remains a pilot to satisfy regulatory pressure.
