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Pilot Energy Limited (ASX:PGY)

ALERT: Price-sensitive ASX Announcement for PGY
Current share price for PGY : $0.054 -0.037 (-40.66%)+
Announcement
Release
26 Feb 2026 1:28PM
Price at Release
$0.091
Full Release
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Summary
Pilot Energy Limited, along with Capture6 Corp, is advancing the Dongara Direct Air Capture (DAC) demonstration project at the Cliff Head Carbon Storage Project. The initiative, known as Project Wallaby, aims to demonstrate Capture6's technology which integrates saline water processing and carbon removal to produce potable water and capture CO2. The facility, consisting of nine containerised modules, is expected to be operational by June 2026, capturing approximately 300 kg of CO2 daily over a three-month period. Following the demonstration phase, there are plans to evaluate and potentially expand to a commercial-scale facility capable of capturing up to 350,000 tonnes of CO2 annually. This project is a significant step in transforming the Cliff Head site into a low-carbon industrial center, aligning with Australia's carbon neutrality goals.
Key Points
  • First Direct Air Capture demonstration facility in Australia.
  • Project Wallaby aims to capture 300 kg of CO2 per day during the demonstration phase.
  • Potential expansion to a commercial-scale facility capturing 350,000 tonnes of CO2 annually.
  • The DAC technology integrates water processing and carbon removal.
  • Project supported by a A$6.5 million grant from the Commonwealth Department of Climate Change.
  • The demonstration facility expected to be operational by June 2026.
  • Capture6's technology offers a single-step CO2 mineralization process.
  • Transformation of the Cliff Head site into a low-carbon industrial center.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.