LCO2储罐FEED实现关键里程碑

HIGHLIGHTS: >Successful completion and delivery of the first set of deliverables for the ongoing FEED for large-scale LCO2Tanks, delivered on time and budget in January 2026. >The FEED program includes detailed engineering and material and weld testing of a proprietary25,000 cbm LCO2low-pressuretank, integration with Yinson’s FSIU and ongoing Class approval >The FEED program is funded under the Joint Development Agreement (JDA) with a targetcompletion for June 2026. >Yinson Production continues with the development of its FSIU with a timeline for FID late-2026. Provaris Energy Ltd (ASX: PV1) (“Provaris” or the “Company”)is pleased to announce that, incollaboration with itsLCO₂tankdevelopment partner Yinson Production, has successfully completedthe Phase 1 delivery of the LCO2Tank Front End Engineering and Design (FEED)program on time and Yinson Production has advised Provaris to continue with Phase 2 to finalise the FEED stage under theJDA terms, with the program to run through to June 2026, and milestones to include Class Approval The FEED will focus on finalising detailed engineering and FEM modelling, testing, and design forfabrication of the 25,000 cbm LCO2low pressure tank. The LCO2tank isdeveloped for integration into Yinson Production’s design for a Floating Storage Injection Unit (FSIU) with 100,000 cbm storagecapacity, intended for deployment at the Havstjerne CCS project located in the North Sea. The newLCO2tankdesign will also be suitable for LCO2carriers and LCO2storage/ terminalapplications.Thedesign and development of new large-scale tanks are seen as critical to the commercialisation of CO2 supply chains.The primary target of Provaris’ large-scale LCO2tankdesign at 3-4x the capacity ofexisting Type C tanks is to reduce the number of tanks requiredforFSIU and large scale LCO2carriers. The benefits will result in lower capital cost for vessels (smaller Provaris’ Chief Technical Officer, Per Roed, commented:"We are proud to have achieved thismilestone in the development and delivery of our pioneering 25,000 cbm LCO₂ tank FEED program,on schedule and within budget. This accomplishment reflects the dedication, innovation and technicalexpertise of our team and partnership with Yinson andmarks a major step forward in advancing large-scaleCO₂ storage solutions for the market.These advancements position us to deliver real value to FEED Phase 2 Scope & Timeline Phase 2 FEED is scheduled to complete in June 2026 with a focus on building upon the proprietarydetailed design and fabrication of a multi-layered sandwichtank that complies withthe IGC codes1. >Detailed structural and FEM modellingof tank it’s accessories.>Validation of structural performanceof the Tankthrough rigorous testing.>Fabrication of test elements, and validation of production processes, at Provaris’ automatedfabrication facility in Norway.>Digitisation and automated fabrication processes using robots and laser and laser-hybridwelding processes. - END - This announcement has been authorised for release by the CEO of Provaris Energy Ltd. To review this Announcement or submit Q&A please visit theProvarisInvestorHubhere For further information please contact: Martin CarolanManaging Director & CEO+61 404 809019mcarolan@provaris.energy Norm MarshallCompany Secretary+61 481 148629 @ProvarisEnergy ASX.PV1 Sydney| Oslo ASX ANNOUNCEMENT & MEDIA RELEASE | 06 February 2026 Provaris We encourage shareholders and potential investors to utilise our InvestorHub for any enquiries regardingthis announcement or other areas related to Provaris. This platform offers an opportunity to submit To access Provaris InvestorHub please scan the QR code or visithttps://investors.provaris.energy/ About Provaris Energy Provaris Energy Ltd (ASX: PV1) is advancing innovative Compressed Hydrogen (H2) and Carbon Dioxide (CO₂) storage andtransport solutions through proprietary tank designs for storage maritime gas carriers, and integrated supply chaindevelopment. Focused on simplicity, efficiency and scalability, Provaris enables regional supply chains that support the global Disclaimer:This announcement may contain forward looking statements concerning projected costs, approval timelines, constructiontimelines, earnings, revenue, growth, outlook or other matters (“Projections”). You should not place undue reliance on any Projections,which are based only on current expectations and the information available to Provaris. The expectations reflected in such Projections arecurrently considered by Provaris to be reasonable, but they may be affected by a range of variables that could cause actual results or trendsto differ materially, including but not limited to: price and currency fluctuations, the ability to obtain reliable hydrogen supply, the ability tolocate markets for hydrogen, fluctuations in energy and hydrogen prices,project site latent conditions, approvals and cost estimates,