Provaris Energy, a developer of hydrogen transport solutions, has entered into a memorandum of understanding (MoU) with global shipping leader “K” LINE to advance the commercialization of its range of hydrogen carriers. This partnership aims to leverage “K” LINE's expertise in sustainable maritime transport to aid Provaris in developing its hydrogen transport and storage model. The agreement is a significant milestone for Provaris as it aligns with the maritime industry’s goal to address Europe’s import demand for hydrogen and ambitious emission reduction targets by 2030. Provaris is known for its unique compressed hydrogen solutions, offering an efficient and cost-effective method for transporting gaseous hydrogen over regional shipping distances. The company's H2Neo carrier, designed for regional marine transport, and H2Leo barge, intended for near-shore and port operations, meet stringent safety and emissions standards, emphasizing the commitment to sustainability. In addition to the collaboration with “K” LINE, Provaris has recently partnered with Yinson Production for the development of an innovative large-scale liquid CO₂ tank design. This marks a strategic effort by Provaris to deliver industry-leading innovations in CO₂ storage and transport. The successful completion of the design stages and the proposed joint venture reflect the company's focus on advancing environmental sustainability and energy efficiency in the transportation sector.