Pilot Energy Limited (AU:PGY) has released an update.
Pilot Energy Limited has secured a $3 million grant from the Commonwealth Government to advance Carbon Capture initiatives in the Mid West Region of Western Australia. The grant, part of a larger $6.5 million funding package, will support the advancement of the Mid West Clean Energy Project, including the development of three carbon capture facilities. The project aims to significantly reduce capital and operational costs while minimizing environmental impact, with potential early revenue from water processing technology.
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