Pilot Energy Gains Korean Backing for Energy Project

Pilot Energy Limited (AU:PGY) has released an update.

Pilot Energy Limited has announced that a consortium of major Korean energy companies is considering equity participation in its Mid West Clean Energy Project, which includes Australia’s first offshore CO2 Storage Project. The Korean consortium’s interest is geared towards securing ammonia supply for Korea’s hydrogen power generation market and is in the process of conducting due diligence. Their involvement has already played a key role in the Australian government’s approval of the project’s critical Greenhouse Gas Storage Formation Declaration.

For further insights into AU:PGY stock, check out TipRanks’ Stock Analysis page.