Pilot Energy on Track to Launch Australia’s First Direct Air Capture Demonstration Plant
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Pilot Energy Limited is set to launch Australia’s first Direct Air Capture (DAC) demonstration plant, Project Wallaby, by June 2026. This initiative integrates Capture6 Corp.’s technology into the Cliff Head Carbon Storage Project, aiming to produce fresh water, green chemicals, and carbon removal credits. The project will utilize saline formation water and address brine disposal challenges. Currently, the stock has a Sell rating with a price target of A$0.01 and a market cap of A$10.79M.
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