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Vintage Energy Ltd. ( (AU:VEN) ) has shared an announcement.
Vintage Energy Ltd, in partnership with Lakes Blue Energy, has announced a significant advancement in the Nangwarry CO2 project in South Australia. A binding Heads of Agreement has been signed with Beijing Maison Group to conduct a fully-funded feasibility study for a CO2 liquefaction plant. This plant is expected to produce food and beverage-grade CO2, with potential applications in medical and industrial sectors. The project is positioned to leverage a certified resource of 26 Bcf of high-purity CO2, supporting 20 years of production. This development could enhance Vintage Energy’s market positioning by tapping into the CO2 market potential and engaging prospective offtake partners.
More about Vintage Energy Ltd.
Vintage Energy Ltd is involved in the energy industry, focusing on the exploration and development of natural gas and CO2 resources. The company holds a 50% interest in the Nangwarry CO2 project, which aims to produce high-purity CO2 for various applications including food, beverage, medical, and industrial uses.
Technical Sentiment Signal: Sell
Current Market Cap: A$8.35M
Find detailed analytics on VEN stock on TipRanks’ Stock Analysis page.