Provaris and Yinson Production Advance MOU with Himile to Confirm Feasibility of LCO₂ Tank Production

We're pleased to announce that, in collaboration with our LCO₂ tank development partner Yinson Production, we have entered into a Memorandum of Understanding (MOU) with Himile Heavy Industries to assess the fabrication and costs of proprietary LCO₂ tanks at Himile’s manufacturing site in Rushan, China.

Himile has an extensive track record working with global energy and EPC companies in the construction of large, complex modules for the oil and gas industry. The MOU runs in parallel to the LCO₂ tank FEED program to determine manufacturability, cost, and delivery timelines; factors that are critical to the development of Yinson's FSIU and carbon capture and storage value chain.

Read more in today's ASX announcement.