The Golden State could have its first regional direct air capture (DAC) hub in the coming years after California Resources Corp. (CRC) subsidiary Carbon TerraVault Holdings LLC (CTV) said it would pursue federal funding.

California Resources

The carbon management business of the state’s largest independent oil and gas producer unveiled plans to work with 35 partners from industry, academia, the region, DAC technology, government and labor organizations. 

CRC Executive Vice President Chris Gould told NGI that as California has set a “very ambitious” goal of carbon neutrality by 2045, “CRC has set a parallel goal, full-scope net-zero by 2045…We are aligned with the state in which we operate on how we move forward with carbon neutrality.”

Subsidiary CTV Direct LLC plans to pursue funding...