Pilot Energy Limited (AU:PGY) has released an update.
Pilot Energy Limited has been granted $6.5 million by the Australian Commonwealth government to advance their Mid West Clean Energy Project, aimed at capturing 200,000 to 300,000 tonnes of CO2 annually in Western Australia. The project, which has garnered extensive industry and academic support, will focus on a pilot facility for water processing and direct air capture technology, as well as a pre-FEED study for a confidential local emitter’s carbon management. This grant is a significant step for Pilot in its transition from oil and gas to carbon management and clean energy production, including hydrogen and ammonia.
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