California Resources Corporation's Q4 2025 update reveals significant progress toward final EPA approval and commencement of sustained CO2 injection at the Carbon TerraVault I project, with key milestones expected in 2026.
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Can you quantify timing and milestones for EPA final approval and first sustained CO2 injection at CTV I?
"Construction is complete, commissioning and final approvals are underway. We have successfully captured our first CO2 from the plant to running it to the amine system. And we're working closely with the EPA through the final operational readiness and compliance steps." 1
"We are near the finish line to deliver a fully integrated end-to-end capture to storage solution... 2026 will also be a year where we see a lot of the permits in the queue that we filed 2, 3 years ago starting to come in the form of draft permits coming forward." 1
"We just filed CTV [indiscernible] with the EPA. That's another 27 million tons of capacity. It's adjacent to CTV I. So it's bringing the hub concept into that Elk Hills area to accommodate higher growth, which we expect." 1
| Milestone | Status / Expected Timing | Details and Implications |
|---|---|---|
| Construction Completion | Completed by Q4 2025 | Project ready for commissioning and testing |
| Commissioning & Initial CO2 Capture | Completed initial CO2 capture and routing | Successfully captured CO2 from gas plant; system running |
| EPA Final Approval Process | Ongoing; near completion | Final operational readiness and compliance underway |
| First Sustained CO2 Injection Start | Expected within 2026 | 2026 prioritized for permit finalizations and operations |
| Additional Capacity Filing (CTV VII) | Filed EPA applications; future capacity expansion | Expansion supports hub concept and scaling |
California Resources Corporation has achieved critical milestones for CTV I, completing construction and demonstrating first CO2 capture with ongoing commissioning. The final EPA approval process for the first sustained injection is in the final stages, with the company working closely with the EPA and anticipating completion likely within the 2026 calendar year. This timing aligns with their overall execution plan and the broader state objectives for carbon capture.
The successful commencement of CO2 injection at CTV I is both a technical and regulatory milestone that materially derisks the CCS business and lays groundwork for further capacity development at Elk Hills through projects like CTV VII.
Sources: 2134
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