‘Everything is on hold’: Provaris' key supplier ‘collapses into bankruptcy’
Australian company Provaris’ “key supplier” Prodtex Industri has “collapsed into bankruptcy”, says Sky News Business Editor Ross Greenwood.
Provaris has an “ambitious plan” to ship green hydrogen from the Tiwi Islands in purpose-built tanks called H2 Neo containers, says Mr Greenwood.
“The big problem is in Norway, where the company Provaris commissioned to build the prototype hydrogen tank - Prodtex Industri - collapsed into bankruptcy,” he said.
‘Everything is on hold’: Provaris' key supplier ‘collapses into bankruptcy’
“Now everything is on hold, including the Provaris share price.”