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California Resources Corporation Announces Carbon Dioxide Management Agreement For CTV’s First Permanent Carbon Storage Project in Northern California

Project Aims to Sequester Initial 370,000 Metric Tons of CO2 Per Annum LONG BEACH, CALIFORNIA – January 4, 2023 - California Resources Corporation (NYSE: CRC) today announced a Carbon Dioxide Management Agreement (CDMA) between Carbon TerraVault Holdings, LLC (CTV) and Grannus, LLC (Grannus), an independent clean-tech