Carbon TerraVault has signed a deal with National Cement Company to support the Lebec Net Zero project, aiming for significant reductions in CO2 emissions.
Carbon TerraVault, a subsidiary of California Resources Corporation (CRC), has entered into a Memorandum of Understanding (MoU) with the National Cement Company of California aimed at supporting the Lebec Net Zero project, which is set to become California’s first carbon-neutral cement facility. This significant development was reported by Carbon Herald.
The agreement stipulates that Carbon TerraVault will devise transportation and sequestration solutions to handle up to 1 million metric tons of carbon dioxide (CO2) emissions annually from the National Cement facility located in Kern County. This captured CO2 will be permanently stored within Carbon TerraVault’s underground reservoirs, which is in line with California’s objectives for industrial decarbonization.
The Lebec Net Zero project is noteworthy for its integration of advanced carbon capture technology, utilisation of locally sourced biomass fuel, and the production of limestone calcined clay cement (LC3). These innovative approaches aim to reduce the carbon footprint of cement production in the region.
In addition to environmental benefits, the project is expected to provide economic advantages by aligning with Kern County’s carbon management strategy, thereby fostering job creation and generating tax revenue.
Further solidifying its potential impact, the project has garnered financial backing from the U.S. Department of Energy (DOE), which has selected it for funding under the Industrial Demonstrations Program, committing up to $500 million in matching funds.
Operations for the Lebec Net Zero project are anticipated to commence in 2031, contingent upon receiving the necessary regulatory approvals.
Francisco Leon, President and CEO of Carbon TerraVault, underscored the significance of this partnership, stating, “Achieving carbon neutrality in the cement industry requires bold action, and this partnership is a critical step.” Echoing this sentiment, Eric Holard, CEO of National Cement, remarked, “We are making a significant investment because we believe in creating a cleaner future and bringing innovation to domestic manufacturing.”
With the establishment of this MoU, Carbon TerraVault’s portfolio of carbon capture and sequestration projects is approaching a total capacity of 9 million metric tons per year, reinforcing its position as a leader in the field of industrial decarbonization.
