Pilot Energy Limited ( ($AU:PGY) ) has issued an update.
Pilot Energy Limited and Korea Southern Power Co., Ltd (KOSPO) have announced a Project Framework Agreement for the Mid West Clean Energy Project. This initiative is set to facilitate the production of low carbon ammonia, intended for hydrogen co-firing in coal-fired power plants in Korea. The agreement outlines collaborative steps towards project development, including market testing for hydrogen production solutions and technical studies. This partnership is poised to significantly impact the clean energy landscape by 2030, offering long-term economical solutions and reducing carbon emissions.
More about Pilot Energy Limited
Pilot Energy Limited operates in the clean energy sector, focusing on the development of projects related to low carbon energy solutions. The company is currently engaged in the Mid West Clean Energy Project, which aims to produce blue hydrogen and clean ammonia. Korea Southern Power Co., Ltd (KOSPO) is a major state-owned power generation company in Korea, known for its extensive operations in both domestic and international power projects.
Average Trading Volume: 5,561,619
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$8.27M
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