Oilex Ltd (GB:SYN) has released an update.
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Synergia Energy Ltd faces a shift in its Medway Hub Camelot CCS project as Harbour Energy withdraws from their joint venture, prompting Synergia to seek a new partner while pushing forward with the initiative. The company remains optimistic, highlighting the project’s potential to contribute significantly to the UK’s net zero targets with a planned CO2 storage capacity. Despite Harbour’s exit, Synergia is determined to advance the project’s development, underlining its long-term value for shareholders.
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