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

Reuters

2024/10/01

** Shares of Provaris Energy 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))

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