Block Energy (BLOE)

Sector:

Energy Producers

Index:

FTSE AIM All-Share

 0.95p
   
  • Change Today:
      0.000p
  • 52 Week High: 1.05p
  • 52 Week Low: 0.65p
  • Currency: UK Pounds
  • Shares Issued: 772.65m
  • Volume: 303,269
  • Market Cap: £7.34m

Block Energy completes first carbon dioxide injection pilot

By Josh White

Date: Tuesday 26 Aug 2025

LONDON (ShareCast) - (Sharecast News) - Block Energy announced the completion of the first carbon dioxide mineralisation injection pilot in Georgia on Tuesday, marking what it called a significant milestone for carbon capture and storage in the region.
The AIM-traded company said 13.6 tonnes of liquid carbon dioxide, supplied by its partner Rustavi Azot, a subsidiary of Indorama Corporation, was injected with water into the Patardzueli-Samgori reservoir, with monitoring confirming no surface leakage.

It said the project aimed to demonstrate the permanent storage of carbon dioxide by converting it into solid calcium carbonate, potentially providing a lower-cost alternative to conventional carbon storage methods.

"We are proud to have delivered the region's first successful carbon dioxide mineralisation injection pilot, having done so through our own cash resources," said chief executive Paul Haywood.

"This represents an important milestone for Block, Georgia and our partner on the pilot project, Indorama, as we seek to demonstrate the viability of large-scale, low-cost CCS.

"This pilot injection paves the way for commercial engagement with industrial partners and carbon markets and we now look forward to building on this success."

Indorama group director Prakash Kejriwal said the pilot offered "valuable insights into how carbon capture and mineralisation can be applied on an industrial scale, helping reduce emissions and align with future EU carbon regulations."

Block said it would take four to six months to confirm whether the carbon dioxide has mineralised as expected, with successful results potentially leading to commercial-scale projects and wider adoption across Georgia and the region.

At 1352 BST, shares in Block Energy were up 17.58% at 0.97p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Block Energy Market Data

Currency UK Pounds
Share Price 0.95p
Change Today 0.000p
% Change 0.00 %
52 Week High 1.05p
52 Week Low 0.65p
Volume 303,269
Shares Issued 772.65m
Market Cap £7.34m

Block Energy Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average29.10% above the market average
7.04% below the sector average7.04% below the sector average7.04% below the sector average7.04% below the sector average7.04% below the sector average
Price Trend
35.55% below the market average35.55% below the market average35.55% below the market average35.55% below the market average35.55% below the market average
12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average12.33% above the sector average
Income Not Available
Growth
31.22% below the market average31.22% below the market average31.22% below the market average31.22% below the market average31.22% below the market average
13.64% below the sector average13.64% below the sector average13.64% below the sector average13.64% below the sector average13.64% below the sector average

Block Energy Dividends

No dividends found

Trades for 15-Sep-2025

Time Volume / Share Price
15:34 24,860 @ 0.90p
10:31 30,208 @ 0.98p
08:20 1,999 @ 1.00p
08:20 1,999 @ 1.00p
08:14 244,203 @ 0.90p

Block Energy Key Personnel

CEO Paul Haywood

Top of Page