#lco2

Beyond technical advancements, the initiative delivers meaningful economic and environmental benefits. Strengthened manufacturing partnerships create skilled employment opportunities within the industrial sector, supporting regional economic growth.

Provaris Energy has achieved a major technical and commercial milestone with the on-time and on-budget delivery of FEED Phase 1 for its 25,000 cbm low-pressure LCO₂ tank, developed in partnership with Yinson Production.

The milestone marks a critical step toward large-scale CO₂ transport and storage solutions, supporting floating storage injection units (FSIUs), CO₂ carriers, and terminal applications as global carbon capture and storage (CCS) deployment accelerates.

🔹 Key Highlights

FEED Phase 1 completed in January 2026, on time and within budget

Detailed engineering, materials testing and weld validation delivered

Tank designed for integration with Yinson’s 100,000 cbm FSIU

Program funded under a Joint Development Agreement (JDA)

Phase 2 FEED approved, targeting completion by June 2026

⚙️ Why It Matters

Proprietary 25,000 cbm tank design is 3–4× larger than existing Type-C tanks

Fewer tanks per vessel → lower capex and opex

Addresses a key bottleneck in scalable CCS infrastructure

Positions Provaris as an enabler of next-generation CO₂ supply chains

🔄 What’s Next

FEED Phase 2 to finalise detailed engineering and FEM modelling

Fabrication testing at Provaris’ robotics facility in Norway

Continued DNV Class Approval process

Alignment with Yinson FSIU FID targeted for late 2026

📊 Investor Snapshot

Share Price: $0.012

Market Capitalisation: ~$9.87M

With CCS emerging as a cornerstone of global decarbonisation strategies, Provaris’ progress on industrial-scale LCO₂ tank development adds tangible commercial optionality alongside its hydrogen transport platform, advancing the Company toward commercial readiness.

🔗 Read more: https://colitco.com/provaris-lco2-feed-phase1-ccs-colitco/

Provaris Energy (ASX: PV1) | What’s driving the next phase of hydrogen & CO₂ transport? 👀⚙️

Big partnerships. Real infrastructure. Clear 2026 milestones. This Q4 update shows how Provaris is moving from concept to commercial execution.

🎥 Inside this video:

🚢 Hydrogen shipping accelerates

H₂ prototype tank fabrication resumes in Norway

Robotics Innovation Centre fully operational

H2Neo™ carrier Class Approval targeted 2026

🤝 Tier-1 partnerships deepen

“K” Line strengthens shipping collaboration

Himile Group signed for large-scale LCO₂ tank manufacturing

Yinson Production advances CCS tank FEED work

🏭 Manufacturing scale unlocked

Robotic fabrication & digital twin development underway

Laser welding + industrialised production design

Rushan yard offers deep-water port & heavy-lift capability

🌍 Nordic & European momentum

FjordH2 export collaboration extended to 2026

Uniper conditional offtake pathway

Rotterdam H₂ import studies progressing

⏳ Why 2026 matters

Q2 2026: H2Neo™ Class Approval

Mid-2026: LCO₂ FEED Stage 2 completion

Late 2026: Yinson FSIU Final Investment Decision

📊 Investor snapshot

yShare Price: $0.012

Market Cap: ~$9.87M

👇 Watch till the end to see how Provaris is positioning itself as a full-chain enabler for hydrogen shipping and carbon transport — not just a concept story, but one moving toward commercial delivery.

Provaris has taken another commercialisation step forward after entering an MOU with Yinson Production and Himile Heavy Equipment Co. Ltd to assess large-scale fabrication of its proprietary LCO₂ tanks at Himile’s Rushan manufacturing hub in China .

🔧 Key Developments

MOU signed to assess manufacturability, cost and delivery timelines for Provaris’ LCO₂ tanks

Work runs in parallel with FEED and Class Approval programs

Focus on robotic fabrication & laser welding for scalable, industrialised production

🏭 Why Himile Matters

Part of a US$3bn industrial group with 30,000+ employees

Supplied 80% of static equipment for FPSOs built globally in the past five years

Delivered 25,000+ pressure vessels and complex offshore modules

Access to deep-water port infrastructure at Rushan

🔄 How the Partnership Works

Provaris: designs robotic cells, materials, laser-welding systems & digital twin

Himile: facility upgrades, fabrication cost estimates & delivery timelines

Yinson: tank handling studies and integration into FSIU CCS developments

🌱 Big Picture

This collaboration strengthens Provaris’ role in the carbon capture & storage (CCS) value chain, translating advanced tank design into scalable, cost-effective manufacturing aligned with Yinson’s offshore CO₂ storage projects.

📊 Investor Snapshot

Last price: $0.012

Market cap: ~$11.67M

With FEED progressing, Class Approval targeted by mid-2026, and manufacturing pathways now being defined, Provaris continues to de-risk execution across both its hydrogen and LCO₂ storage platforms.

🔗 Read more: https://colitco.com/provaris-lco2-tank-production-colitco/

Provaris Energy Ltd (ASX: PV1) has announced the commissioning of its Robotics Innovation Centre in Fiskå, Norway — a strategic milestone to advance the fabrication and testing of its proprietary H₂ and LCO₂ tank designs, showcasing significant cost and production efficiencies for large-scale commercial manufacturing.

📌 Strategic Highlights:

✅ Innovation Centre commissioned: Robotic laser welding and handling equipment fully recommissioned to demonstrate cost and production efficiencies in large-scale tank fabrication.

✅ Hydrogen prototype tank fabrication resumes this month, with completion and testing targeted for Q1 2026, supporting final Class approvals for the H₂Neo™️ carrier.

✅ Site visit from “K Line” shipping technical and commercial teams scheduled this quarter, underscoring growing industry engagement.

✅ The facility also supports LCO₂ FEED stage development with Yinson Production, enabling fabrication of a pilot tank and test sections for maritime Class approvals targeted in 2026.

✅ Industrial-scale robotic cell features robotic arms, controllers, scalable jigs, and laser welding systems — positioning Provaris as a leader in advanced tank manufacturing technologies.

💬 Managing Director and CEO, Martin Carolan:

“We are excited to have the robotic cell commissioned and operational in Norway to demonstrate the material cost and production efficiency benefits of manufacturing large-scale steel tanks. This Innovation Centre will play a critical role in advancing our hydrogen and LCO₂ tank programs toward commercialisation.”

📈 Investor Outlook:

This strategic investment strengthens Provaris’ positioning as a technology-driven clean energy company, accelerating commercial readiness of its H₂Neo™️ hydrogen carrier and future LCO₂ solutions. With fabrication underway and key shipping partners engaged, the Innovation Centre will be pivotal in achieving major milestones in 2026.

📊 Last Price: A$0.017 | Market Cap: A$14.54M

Read More - https://colitco.com/provaris-energy-opens-robotics-innovation/