Provaris Energy has received approval from its development partner Yinson Production to commence the front end engineering design (FEED) development for its proprietary large-scale low-pressure liquid CO2 (LCO2) tanks for integration with
Provaris Energy has received approval from its development partner Yinson Production to commence the front end engineering design (FEED) development for its proprietary large-scale low-pressure liquid CO2 (LCO2) tanks for integration with Yinson’s floating storage injection unit (FSIU).
Yinson will fund 100% of the FEED phase, and first deliverables are scheduled for December 2025.
Provaris and Yinson are progressing the formation of a new joint venture company (NewCo) to hold exclusive rights to the LCO2 tank design and fabrication methodology and future IP for scalable designs across marine and onshore applications. Each party will own 50% of NewCo, with equal licensing and commercialization rights.
Yinson and “K” LINE are jointly developing market solutions for the transportation and injection of liquefied CO2. The collaboration will target carbon capture and storage (CCS) projects being developed mainly in Europe.
Provaris Chief Technical Officer, Per Roed, said: “Commencing the FEED phase is a major step forward in validating our design and moving towards a market-ready solution. There is growing interest from the maritime industry in our layered plate, robotic fabrication and laser welding technology to unlock the limitations of traditional Type C tank design. We are building not just a tank for Yinson’s LCO2
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