In a news release, Saskatchewan-based Royal Helium Ltd. (RHC:TSX.V) reported that it has initiated an engineering and scoping study for a large-scale industrial gas polygeneration facility to be built in Saskatchewan.
The firm stated that the study will be conducted by the Saskatchewan Research Council and represents Royal Helium's "first step in determining the economic potential of a large-scale facility for the separation and monetization of the gas streams associated with helium production wells in Saskatchewan."
Royal Helium's President and CEO Andrew Davidson remarked, "In Saskatchewan, helium is coproduced with large flows of other inert gases for which there is a large and established North American and global market. Royal is now reviewing whether there is an opportunity to monetize the complete gas stream."
"Our economic analysis does not include credits for other potentially commercial gases produced and processed. While the economics of helium production are significant on their own, the impact of the commercialization of other gases could substantially add to net cash flow," Davidson added.
The company stated that it expects to receive the results from the initial engineering and economic study in December 2020.
The firm noted that the Saskatchewan Research Council (SRC) employs more than 290 people and is the second largest research and technology organization in Canada. The company stated that the SRC generates $91 million in annual revenue by providing services and products to 1,500 clients in 27 countries.
Read what other experts are saying about:
Disclosure:
1) Stephen Hytha compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Royal Helium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Royal Helium, a company mentioned in this article.
