As recently highlighted by GasWorld, Royal Helium Ltd. (Ticker RHC.v or RHCCF for US investors), a prominent Canadian helium exploration and production company, has announced successful helium sales from its Steveville helium purification plant in Alberta. This development marks a significant milestone for the company, which has completed its 12th and 13th helium trailer sales since the plant commenced operations in November 2023.
Andrew Davidson, CEO of Royal Helium, expressed satisfaction with the progress, stating, “We are pleased to have the Steveville helium purification plant running at a stable production rate and seeing the entire team getting the plant to its final stage of ramping up to capacity with world-class oversight by PTT.”
Davidson highlighted the plant's design, emphasizing its full automation and self-powered capabilities. These features are expected to drive the operation towards positive cash flow with minimal operating expenses once a steady state is achieved.
The Steveville plant, engineered to process 15,000 mcf/day of raw gas, is fed by two of Royal Helium's wells. This setup allows the facility to produce approximately 22,000 mcf of 99.999% pure helium annually.
Additionally, the plant benefits from the Technology Innovation and Emissions Reduction System in Alberta, generating carbon credits that provide an additional stream of material cash flow for Royal Helium.
The plant boasts an engineered lifespan of 25 years, with both helium wells anticipated to remain operational for at least nine years. Besides helium, the plant will also produce sufficient fuel gas to power its operations and is capable of generating up to 22 million pounds of commercial carbon dioxide.
Recently, Royal Helium engaged Progress Through Technology (PTT) under a six-month contract to fine-tune, stabilize, and ramp up production at the Steveville plant. This collaboration aims to ensure the plant reaches its full operational potential and maintains high efficiency.
Full article here: https://www.gasworld.com/story/royal-helium-grows-sales-from-steveville-helium-plant/2140513.article/
Posted on behalf of Royal Helium Ltd.