Provaris Energy

Payment under JDA with Yinson to develop CO2 storage and marine transport solutions

Provaris Energy Ltd (Provaris, ASX.PV1) is pleased to provide an update to shareholders on the Joint Development Agreement (JDA) with Yinson Production Offshore Pte Ltd (Yinson), as announced on 1 October 2024.


Yinson has made a payment of USD 200,000 related to Technical Service Fees for Provaris’ provision of its background IP and other technical information and services for the CO2 Tank project scope of work under the JDA, which commenced in October 2024. The agreed project scope and timetable for concept design activities runs into Q1 2025 where an update will be provided in conjunction with Yinson.

Background to the JDA for new CO2 Tank design

As announced on 1 October 2024, Yinson and Provaris are jointly evaluating the technical and economic viability of adapting Provaris’ proprietary tank design for compressed hydrogen to develop innovative and cost competitive alternatives for bulk-scale storage and transport of liquid CO2. The collaboration will also assess the potential for other gases such as ammonia.

Currently, there is no ship transport of CO2 in a low pressure and temperature range suitable for long sailing distances and large cargo volumes. This collaboration aims to help develop a new CO2 Tank design solution that will address current CO2 transit and storage limitations.

The development of CO2 storage and transport infrastructure is crucial for the widespread deployment of carbon capture, which is a critical pillar in meeting global emission reduction targets. The design of bulk scale CO2 Tanks is important for maximizing the amount of CO2 that can be stored and transported in a single cargo.

Provaris is being advised by the Energy Infrastructure Group, Clarksons Norway AS.


Click here for the full ASX Release

This article includes content from Provaris Energy, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

Provaris Energy

Provaris Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

The Conversation (0)
Provaris Energy

Provaris Energy


Keep reading...Show less

Enabling the scale-up of clean energy supply chains through innovative hydrogen and CO2 storage and transport solutions.

CoTec Holdings (TSXV:CTH)

CoTec Holdings Corp. Files First Quarter Financial Statements And MD&A

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its unaudited interim condensed consolidated financial statements and the accompanying management discussion and analysis ("MD&A") for the three months ended March 31, 2025. The financial statements and MD&A can be accessed under the Company's SEDAR profile at www.sedarplus.ca .

Julian Treger, CoTec CEO commented; "CoTec had an exceptional start to the year. Our main priority for the quarter was the continued roll-out of HyProMag USA, our Joint Venture U.S. based rare earth elements ("REE") magnet recycling and permanent magnet manufacturing Project. HyProMag USA selected its preferred bidder for engineering, procurement and construction management ("EPCM") services, culminating in the engagement of PegasusTSI Inc. ("Pegasus") and BBA USA Inc. ("BBA") and the commencement of the detailed design and engineering phase shortly after quarter-end. We have also expanded the scope of the detailed engineering to include three HPMS [i] vessels and initiated concept studies for further expansion and complementary "Long Loop" Recycling."

Keep reading...Show less
Troy Minerals (CSE:TROY)

Troy Minerals Reports Ongoing Geophysical Studies at the Lake Owen Project, Wyoming

Troy Minerals Inc. ("Troy" or the "Company") (CSE:TROY)(OTCQB:TROYF)(FSE:VJ3) is pleased to report on the processing and interpretation status of the airborne geophysical survey covering the 100% owned Lake Owen Project (the "Project"), which is located 50 km southwest of Laramie, Wyoming, USA (see Figure 1, 2).

Covering 1,424 hectares, the project is an exploration asset in the Proterozoic Lake Owen complex, favorable for titanomagnetite-hosted mineralization. Historically explored for Platinum Group Elements (PGE), it shows strong potential for vanadium, titanium, PGE, and other critical minerals.

Keep reading...Show less
Green360 Technologies Limited

Successful Production of High-Quality Metakaolin for Low- Carbon Cement

Green360 Technologies Limited (ASX:GT3) (Green360 or the Company) is pleased to announce that it has produced a number of metakaolin samples from its kaolin resources and deposits. Successful internal laboratory testing of the metakaolin validates its exceptional quality, exceeding industry benchmarks, making it suitable for use in low-carbon cement formulations and high-performance structural concrete.

Keep reading...Show less
Solar panels and windmills.

10 Biggest ASX Renewable Energy and Sustainability Stocks in 2025

As the energy transition continues to gain urgency, investors should keep an eye on cleantech stocks, including sectors such as low-emission technologies, renewable energy, water and wastewater technologies and waste and resource efficiency.

With US President Donald Trump pulling away from the investments in the energy transition made by the previous Biden administration, Australian green companies could pick up momentum. Researchers for Deloitte project that Australia could attract a share of roughly AU$123 billion in clean tech investment, based on an analysis by Net Zero Policy Lab of new supply chain markets.

With the positive outlook for cleantech in mind, here’s a look at 10 ASX cleantech stocks listed in order of largest to smallest by market cap. All figures were current as of May 5, 2025.

Keep reading...Show less
Electric car and control panel.

10 Biggest EV Stocks to Watch in 2025

The energy revolution is here to stay, and electric vehicles (EVs) have become part of the mainstream narrative.

The shift toward green energy is gathering momentum, with governments adding more incentives to accelerate this transition. Increasing EV sales are good news for battery metals investors, as EVs are significant drivers for commodities such as lithium, cobalt and graphite, key components in the cathodes of EV batteries. Additionally, interest in EV options outside of Tesla is heating up in 2025, and Chinese EVs are increasing in popularity outside of the country.

For investors interested in getting exposure to the EV trend, the Investing News Network has gathered a list of the largest EV makers by market cap. This electric car stock list was generated using TradingView's stock screener on April 17, 2025, and it includes companies with an EV focus under the motor vehicles industry filter.

Keep reading...Show less
CoTec Holdings (TSXV:CTH)

Cotec Holdings Corp. Files Annual Audited Financial Statements and MD&A

CoTec Holdings Corp. (TSXV:CTH)(OTCQB:CTHCF) ("CoTec" or the "Company") is pleased to announce that it has filed its audited annual financial statements and the accompanying management discussion and analysis for the financial year ended December 31, 2024. The Company reported net income of $0.5 million and net loss of $0.2 million for the quarter and the year, respectively.

Julian Treger, CoTec CEO commented; "2024 was a transformative and exciting year for CoTec during which we have achieved all our objectives and completed two very successful independent technical studies for our HyProMag USA joint venture and the Lac Jeannine project. We are now extremely well positioned to become a resource producing company by H1, 2027, a mere five years since launching CoTec. This would be a remarkable achievement for a resource-based company, compared to the 12 - 15 years plus timeframe for conventional mining companies."

Keep reading...Show less
Provaris Energy

Provaris Energy Investor Kit

  • Corporate info
  • Insights
  • Growth strategies
  • Upcoming projects

GET YOUR FREE INVESTOR KIT

Latest Press Releases

Related News

×