Australian energy company Provaris has received funding and approval from its development partner Yinson, an owner and operator of floating, production, storage, and offloading (FPSO) vessels, to start the front end engineering design (FEED) phase for its large-scale low-pressure liquid CO2 (LCO2) tank for integration with Yinson’s floating storage injection unit (FSIU).
As disclosed, Yinson will fully fund the FEED phase, covering four engineering and integration packages to be delivered in two phases, with the first deliverables scheduled for December 2025.