California Resources Corporation and Middle River Power Sign MOU to Develop Carbon Capture Solutions

California Resources Corporation (CRC) and Carbon TerraVault (CTV) have signed a Memorandum of Understanding (MOU) with Middle River Power (MRP) to provide carbon transportation and sequestration services for MRP’s power facilities in California. The initial focus will be on the High Desert plant and San Joaquin Energy Center, which produce up to 2.75 million metric tons of CO₂ emissions annually. The MOU is non-binding and subject to further agreements and regulatory approvals.