Expro Bags Contract With INPEX for Carbon Capture Utilization and Storage Pilot Project, Financial Terms Undisclosed
Portfolio Pulse from Benzinga Newsdesk
Expro Group Holdings N.V. (XPRO) has won a contract for a Carbon Capture Utilization and Storage (CCUS) pilot project with INPEX Corporation. The project, Kashiwazaki Clean Hydrogen/Ammonia, is Japan's first clean hydrogen production demonstration project. Financial details of the contract were not disclosed.

January 23, 2024 | 9:01 am
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Expro Group Holdings N.V. has been awarded a CCUS contract with INPEX for a pioneering clean hydrogen project in Japan, indicating potential growth in its service portfolio.
The contract win for Expro Group is significant as it positions the company within the growing clean energy and carbon capture market. Although financial terms are undisclosed, such contracts typically suggest future revenue streams and potential expansion of business operations. The news is likely to be viewed positively by investors, potentially leading to a short-term uptick in XPRO's stock price.
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