Royal Helium Ltd (TSX-V:RHC, OTCQB:RHCCF) announced that it has signed an agreement with Guardyan Conservation Corp for the development of a carbon credit strategy for the Steveville Helium Recovery Plant.
The helium project developer said Guardyan will also be entering Royal Helium into the voluntary and compliant carbon markets with the development of a carbon credit portfolio through the low emission helium production at Steveville.
"Guardyan will focus on maximizing the available carbon credits resulting from the efficient plant design,” Royal Helium CEO Andrew Davidson said in a statement.
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“Royal's cryogenic processing plant design not only has the ability to process helium to 99.999% purity, it commercially processes and captures the other industrial gases in an economically significant way which also leads to the production of salable carbon credits,” Davidson added.
Royal Helium’s CEO also stated that the partnership highlights the company's proactive commitment to high environmental standards with its mandate of ensuring all available greenhouse gas (GHG) emission reduction options are integrated into Royal Helium’s facility.
The company added that further details will be announced as the Steveville plant begins operations.
Saskatoon, Saskatchewan-based Royal Helium controls over one million acres of prospective helium land across southern Saskatchewan and southeastern Alberta. All of Royal's lands are in close vicinity to highways, roads, cities and importantly, close to existing oil and gas infrastructure, with a significant portion of its land near existing helium-producing locations. The firm intends to become a leading North American producer of the high-value commodity.
Contact Sean at sean@proactiveinvestors.com