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Provaris Energy Ltd (ASX:PV1)

ALERT: Price-sensitive ASX Announcement for PV1
Current share price for PV1 : $0.007 -0.001 (-12.50%)+
Announcement
Release
25 Jun 2026 8:16AM
Price at Release
$0.008
Full Release
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Summary
Provaris Energy Ltd has achieved a major FEED milestone by completing the detailed engineering package for its proprietary YP-Provaris LCO2 tank, which has been submitted to DNV for approval. This development advances the design towards Approval in Principle (AiP) and General Approval for Ship Application (GASA). The tank is engineered as a Type C equivalent maritime tank, targeting IGC Code-equivalent safety and performance for large-scale LCO2 transport and storage. Provaris has collaborated with Yinson Production for CCS supply chain development, positioning the tank for extensive commercial application. The final stage of FEED includes material and welding procedure testing, with DNV review completion targeted for August 2026.
Key Points
  • Major FEED milestone achieved for YP-Provaris LCO2 tank.
  • Detailed engineering package submitted to DNV.
  • Advancement towards AiP and GASA approval.
  • Type C equivalent maritime tank design for LCO2 transport and storage.
  • Engagement with Yinson Production for CCS supply chain.
  • Final FEED stage includes material and welding procedure testing.
  • DNV review targeted for completion by August 2026.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.