We are excited to share a new milestone of growth for our firm with the signing of a Carbon Dioxide Management Agreement (CDMA) with Carbon TerraVault Holdings, LLC (CTV), a partnership between California Resources Corporation (CRC) and Brookfield Renewable (BR). This agreement represents a major step toward realizing NLC Energy’s growth goals.
Processing food waste for energy, this new site will produce CO2 which will be sequestered, or permanently pumped underground in one of CRC’s retired oil fields nearby. The site will also produce biomethane, hydrogen and other byproducts.
Bruce S. MacDonald, NLCE’s founder and President, explains the significance of this work, “Low-carbon, renewable natural gas replaces higher-carbon fuels that are used in transportation, utilities, and manufacturing. Our clients and partners are continuing to make efforts to meet net-zero carbon emission objectives, and this exciting agreement with CTV opens a new set of growth opportunities for NLCE in California and helps decarbonize California’s essential industries.
Read the whole story here: https://nlcenergy.com/wp-content/uploads/CRC-Announces-Agreement-w-NLCE-Release.pdf