Colorado School of Mines and Carbon TerraVault Holdings, a subsidiary of California Resources, announced the award of $8.9 million from the U.S. Department of Energy, DOE, for a Carbon Storage Assurance Facility Enterprise, CarbonSAFE, project in California. The grant will allow Mines, CTV, and industry partners Blade Energy Partners and Providence Strategic Consulting to conduct a feasibility study on the CTV III CO2 Storage Project, an underground carbon storage reservoir in San Joaquin County, California. The project will store up to an expected 71 million metric tons of carbon emissions.
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