#pv1

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 delivered strong operational progress during the December 2025 quarter, advancing its compressed hydrogen shipping strategy and large-scale LCO₂ tank development, supported by deepening partnerships with “K” Line and Yinson Production.

🚢 Hydrogen Shipping – H2Neo™ Program

Ongoing collaboration with “K” Line on shipping economics and financing

Executive site visits to Norway to inspect prototype fabrication

Engagement with shipyards on build timing and manufacturing costs

Final marine Class Approval targeted for 2026

🏗️ Robotics Innovation Centre – Norway

Robotic fabrication facility at Fiskå fully commissioned

H₂ prototype tank fabrication resumed

Testing aligned with DNV and ABS marine classification requirements

Demonstration of proprietary layered steel tank technology underway

🌊 Nordic & European Hydrogen Export Progress

FjordH2 agreement extended through 2026 with Norwegian Hydrogen

Terminal design, shipping integration and hydrogen sales structuring ongoing

Term Sheet with Uniper extended to June 2026

Continued discussions with German and Dutch ports & pipeline operators

Alignment with Germany’s core hydrogen pipeline network (2030 rollout)

🧪 LCO₂ Tank Program – Yinson Partnership

FEED Stage 1 delivered to Yinson and DNV (Dec 2025)

FEED Stage 2 commencing March 2026, completion targeted mid-2026

Engineering for 25,000m³ low-pressure LCO₂ tank

Integrated with Yinson’s 100,000m³ offshore FSIU at the Havstjerne CCS Project

Joint Venture planning ongoing, with Provaris retaining 50% ownership

🏢 Corporate & Financial Snapshot

Cash at 31 Dec 2025: ~$733k

$500k raised during the quarter, including Board participation

Strategic focus on converting technical readiness into commercial execution

📊 Investor Outlook

Provaris Energy last traded at $0.012, giving the Company a market capitalisation of approximately $11.67M. With hydrogen prototype fabrication underway, FEED Stage 2 for LCO₂ tanks imminent, and strong validation from global shipping and energy partners, Provaris is positioned to transition from technical development to commercial execution through 2026.

🔗 Read more: https://colitco.com/provaris-advances-h2-and-lco2-tank-programs-2026/