Australia's Provaris Energy gains on agreement to develop CO2 storage solutions

Provaris Energy

01/10/2024 04:33

** Shares of Provaris Energy  PV1.AX  rise as much as 18.8%
to A$0.019, set for their best session since mid-August, if
gains hold
    ** Commodity chemical producer signs joint development
agreement with Yinson Production Offshore Pte
    ** Co says agreement for co-developing storage tank
solutions for the bulk storage and ship transportation of carbon
dioxide
    ** Adds collaboration aims to help develop a new CO2 tank
design solution that will address current carbon dioxide transit
and storage limitations
    ** Stock down 68.6% YTD, as of last close

 (Reporting by Nikita Maria Jino in Bengaluru)
 ((Nikita.Jino@thomsonreuters.com))