Pilot Energy's major project expansion

Pilot Energy (ASX:PGY) has announced a significant expansion in its Cliff Head Carbon Storage Project. The project's storage capacity has increased by 58%, now reaching 72.2 million tonnes of CO2 equivalent. This follows a technical assessment by CO2Tech and aligns with the company's strategic focus on carbon storage and management.

Pilot Energy's strategic direction and future plans

Pilot Energy has successfully increased the storage capacity of its Cliff Head Carbon Storage Project to 72.2 million tonnes of CO2 equivalent, marking a 58% rise. This follows a detailed assessment by CO2Tech and is part of the company's preparations for upcoming regulatory approvals. The project forms a crucial part of the Mid West Clean Energy Project, with plans to inject 2.5 - 2.8 million tonnes annually. This expansion supports the decarbonization of key Western Australian industries and aligns with Pilot Energy's transition from oil and gas to carbon management and clean energy initiatives. The project leverages existing infrastructure, aiming to facilitate a sustainable energy future.

Executive insights on expansion

The expanded storage capacity is poised to significantly aid the decarbonization of Western Australian industries such as alumina refining, ammonia, and fertilizer production.