Pilot Energy on Track to Launch Australia’s First Direct Air Capture Demonstration Plant

Pilot Energy Limited ( (AU:PGY) ) has shared an announcement.

Pilot Energy is advancing its position in low-carbon infrastructure by integrating Capture6 Corp.’s Direct Air Capture and water processing technology into its Cliff Head Carbon Storage Project. The company aims to leverage saline formation water from its existing operations to produce fresh water, green chemicals and carbon removal credits while addressing brine disposal challenges.

The Dongara Direct Air Capture demonstration project, branded Project Wallaby, will be Australia’s first DAC facility and is scheduled to be operational by June 2026 at Pilot’s Arrowsmith and Cliff Head sites. All nine containerised plant modules have been fabricated, with initial units already in Perth and the remainder due by March 2026, positioning Pilot to showcase a multi-revenue, integrated carbon removal and water treatment model that aligns with national climate and water security goals.

The most recent analyst rating on (AU:PGY) stock is a Sell with a A$0.01 price target. To see the full list of analyst forecasts on Pilot Energy Limited stock, see the AU:PGY Stock Forecast page.

More about Pilot Energy Limited

Pilot Energy Limited is an Australian energy company focused on carbon management projects, including the Cliff Head Carbon Storage Project in Western Australia. The company is developing integrated solutions that combine carbon capture, storage and water processing technologies to support decarbonisation and resource stewardship in the Mid West region.

Technical Sentiment Signal: Sell

Current Market Cap: A$10.79M

For detailed information about PGY stock, go to TipRanks’ Stock Analysis page.