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Provaris advance MoU with Himile for LCO2 tank production

Published by , Editorial Assistant
Hydrocarbon Engineering,


Provaris Energy Ltd has announced that, in collaboration with its LCO2 tank development partner Yinson Production, it has entered into a memorandum of understanding (MoU) with Himile Heavy Equipment Co. Ltd (Himile) to assess fabrication of and costs of proprietary LCO2 tanks at Himile’s manufacturing site in Rushan, China.

The effort will focus on the preliminary design of a detailed robotic production facility and cost estimation to fabricate proprietary LCO2 tanks suitable for floating storage and injection unit (FSIU) opportunities for Yinson Production. A kick-off meeting was held at Himile’s Rushan facility in mid-January 2026, where the following scope and roles was confirmed:

  • Provaris will develop and provide the preliminary design for the required robotic cells, material selection, and laser-welding equipment to be installed at Himile's Rushan facility, including a preliminary ‘digital twin’ that models full automation.
  • Himile will develop preliminary design packages for the required modifications and upgrades of its Rushan facility, including the installation and commissioning of the robotic fabrication cells. In addition, Himile will develop estimates for tank fabrication costs (FOB Rushan) and provide estimated dates for completion of factory upgrades and first deliveries of the LCO2 tanks. (Refer to images below of Himile’s facilities).
  • Yinson Production will support with studies on handling tanks from Rushan to selected shipbuilders, including integration of tanks in their FSIUs under development in 2026.

Provaris’ Chief Technical Officer, Per Roed, commented: "We are excited to advance the collaboration with Himile on the next phase of the LCO2 tank development given their expertise and extensive track record to date. Following our visit to and their modern facility and processes implemented at their Rushan facility. we are confident that Himile can deliver a high-quality, cost-effective tank to meet the expected growth in maritime and offshore LCO2 markets. Tanks that will be significantly larger than those currently offered in the market will offer cost benefits that will be of significant value to Yinson Production’s FSIU projects and other potential customers for carriers and storage."

Yinson Production’s Chief Technical Officer, Lars Gunnar Vogt, said: " This MOU is an important step in translating advanced tank design into scalable, industrialised fabrication. Working with Provaris and Himile allows us to assess not just technical feasibility, but also manufacturability, cost, and delivery timelines. These are factors that are critical as we develop FSIU concepts for carbon capture and storage value chains.”

Provaris is continuing with the delivery of the FEED and Class Approvals of a large scale LCO2 tank designed for Yinson Production, including the design of automated fabrication processes through the use of robots and laser welding. Final Phase 1 deliverables will be submitted to Yinson Production in January 2026, with Phase 2 to follow. The FEED programme includes an ongoing class approval process with DNV with target completion by mid-2026.

Read the article online at: https://www.hydrocarbonengineering.com/tanks-terminals/06022026/provaris-advance-mou-with-himile-for-lco-tank-production/

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