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Provaris Energy Ltd ( (AU:PV1) ) just unveiled an update.
Provaris Energy Ltd has made significant strides in advancing its hydrogen and CO2 shipping solutions. The company has established a strategic partnership with Kawasaki Kisen Kaisha to commercialize its hydrogen carriers and barges, with technical and commercial meetings planned to refine shipping models for European projects. Additionally, Provaris has set up an Innovation Centre in Norway for robotic fabrication of hydrogen and CO2 tanks, marking a pivotal step towards commercializing its designs. The company is also collaborating with Baker Hughes to enhance marine transport solutions and has entered the FEED stage for CO2 tank development with Yinson, aiming to meet the growing demand for CO2 carriers in Europe.
More about Provaris Energy Ltd
Provaris Energy Ltd operates in the energy sector, focusing on the development and commercialization of solutions for hydrogen shipping and storage. The company is known for its proprietary H2Neo and H2Leo carriers and barges, which are designed for compressed hydrogen transport and offshore storage. Provaris is also involved in developing solutions for liquid CO2 tanks, aiming to support carbon capture and storage initiatives.
Average Trading Volume: 611,233
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$13.69M
Find detailed analytics on PV1 stock on TipRanks’ Stock Analysis page.