Brief: Vicat Finalizes Agreement With US DOE For Development Of Lebec Net Zero Project

Vicat SA

16/12/2024 07:38

Dec 16 (Reuters) - Vicat SA  VCTP.PA :
    * FINALIZATION OF THE COOPERATIVE AGREEMENT WITH THE US DOE
FOR
THE DEVELOPMENT OF THE LEBEC NET ZERO PROJECT INCLUDING A CCS
SYSTEM
    * PHASE 1 TO INCLUDE PRELIMINARY ENGINEERING STUDY AND
COMMUNITY
ADVISORY BODY
    * DOE FUNDING TO COVER UP TO 50% OF PHASE 1 INVESTMENT
    * COOPERATIVE AGREEMENT COMMITS UP TO $500 MLN FOR PHASE 1
    * LNZ PROJECT TO INCLUDE CO₂ SEQUESTRATION FACILITY WITH
950,000
METRIC TONS CAPACITY

Source text:  ID:nGNE3pL5pL 
Further company coverage:  VCTP.PA 

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