Provaris Energy (ASX:PV1) announced a tripartite memorandum of understanding with Yinson Production and Himile Heavy Equipment.
The collaboration aims to assess the feasibility, cost, and large-scale fabrication of Provaris’ proprietary liquefied carbon dioxide tanks at Himile’s advanced manufacturing facility in Rushan, China.
The partnership leverages Himile’s extensive industrial pedigree; as a global leader in pressure vessel construction, Himile has supplied over 25,000 vessels and 80% of the static equipment for FPSOs developed over the last five years.
Following a technical kick-off meeting in January 2026, the groups have established a clear development roadmap. Provaris is tasked with providing the preliminary design for robotic cells and laser-welding equipment, including a sophisticated "digital twin" to model full automation.