Brief: Pilot Energy & Samsung C&T Corporation Engineering & Construction Group Entered Non-Binding,Conditional MOU

Pilot Energy

31/10/2023 08:27

Oct 31 (Reuters) - Pilot Energy Ltd  PGY.AX :
    * CO AND SAMSUNG C&T CORPORATION ENGINEERING & CONSTRUCTION
GROUP 
ENTERED NON-BINDING, CONDITIONAL MOU
    * MOU IN RELATION TO DEVELOPMENT OF CLIFF HEAD CCS PROJECT
AND
CLEAN ENERGY AMMONIA PROJECT
    * CONSIDERATION OF A$67 MILLION WILL BE PAID TO PILOT BY
CHCCS CO
    * SAMSUNG C&T WILL ACQUIRE A 20% PARTICIPATION INTEREST IN
MID
WEST CLEAN ENERGY PROJECT

Source text for Eikon:  ID:nASXbb4DBD 
Further company coverage:  PGY.AX 

 ((Reuters.Briefs@thomsonreuters.com;))