NEXT Carbon Solutions and California Resources Corporation Agree to FEED Study

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May 05, 2022

NEXT Carbon Solutions (NCS), a subsidiary of NextDecade Corporation (NASDAQ: NEXT) and California Resources Corporation (NYSE: CRC) today jointly announced the execution of an agreement (Agreement) to further explore the decarbonization of CRC’s Elk Hills Power Plant. Through the deployment of NCS’ proprietary post-combustion carbon capture processes for CRC’s CalCapture CCS+ project, the companies seek to capture and utilize the emissions from the Elk Hills Power Plant for permanent storage in oil producing reservoirs.