Provaris Energy Ltd's managing director and CEO, Martin Carolan, discussed the company's energy strategy focusing on two significant developments. The first involves a Memorandum of Understanding (MOU) signed with Japanese shipping group Kawasaki Kisen Kaisha Ltd, known as 'K' LINE. This partnership aims to advance Provaris' compressed hydrogen shipping solution by leveraging K LINE's century-old experience. The collaboration will provide technical insights on ship design, operator views, and aid in shaping commercial models and ship specifications. Provaris sees this as a crucial step in bolstering its hydrogen supply chain in Europe, enhancing credibility and feasibility alongside existing agreements with German utilities for hydrogen imports. Additionally, progress was highlighted on a separate CO₂ initiative in collaboration with Yinson Production AS. The companies have achieved a significant design milestone for a large liquid CO₂ tank, surpassing initial expectations, with plans for the design to enter the FEED stage soon. This initiative not only benefits from Yinson's technical support but also promises immediate market applications in large-scale CCS projects. Looking ahead, Provaris aims to validate both its hydrogen and CO₂ products commercially and technically, with the goal of securing binding-level agreements before the end of 2025. Investors can anticipate substantial updates from August to December, underscoring the company's commitment to driving energy innovation. To learn more, viewers are encouraged to visit Proactive's YouTube channel for additional insights and updates.