Proton Green makes first helium sale from Arizona-based extraction plant

Helium and beverage grade carbon dioxide (CO2) specialist Proton Green has made its first sale of helium produced from its St. Johns Field Phase 1 helium extraction plant in Arizona.

Located in Apache County, the St Johns Field is believed to be one of the largest helium and CO2 reservoirs in North America, with an estimated 33 billion cubic feet of helium and 517 billion tonnes of CO2 in accessible reservoirs.

Production at Proton Green’s Phase 1 helium extraction plant started in July 2023.

Steve Looper, CEO of Proton Green, described the sale with a fixed-price offtake customer as the first commercialisation milestone for the company.

He continued, “We are now analysing our production from Phase 1 to help optimise the completion of our Phase II infrastructure, for which we expect to begin construction in the coming months.”

Just last month (August 2023), Proton Green announced that it has signed a definitive share exchange agreement with Cyber App Solution, through which Cyber App Solutions will acquire Proton Green.

The deal meant that Proton Green could become a publicly traded company, therefore, helping to scale its helium and beverage grade CO2 production in the US.

Read more: Helium and CO2 supplier Proton Green to become publicly traded

Looper added, “We look forward to our continued operational execution in the months ahead as we strive to deliver sustainable, long-term value to our shareholders.”

Helium Super Summit 2023

Four major global shortages in 18 years, and yet the greatest challenge facing the helium business in 2023/24 is the uncertainty that hangs over the market and its array of end-users.

The source of that uncertainty – and perhaps the enduring Helium Shortage 4.0 – is the terse geopolitical climate the world is engulfed in. Sourcing, shipping and supplying helium where it’s needed has arguably never been more challenging, or rewarding.

This new ‘gold rush’ has given rise to innovative helium extraction and production, with exploration activity on five continents. But at a time when demand growth is expected to accelerate, the supply chain is crunched and helium hotspots continue to come to the fore, the same cloud of uncertainty still hangs over this invaluable business.

All of which means there are a host of questions to be answered as the global helium business and its customers are Steering Through Uncertainty. Join gasworld and more than 300 fellow stakeholders in the global helium business under this theme for Helium Super Summit 2023 from October 30 – November 1 at The Westin Galleria Hotel in Houston, Texas.

The ultimate gathering of the global helium business, loaded with unrivalled speakers and insights, 2.5 days of quality networking opportunities, and a toolkit of knowledge to inform your investment in helium and its services. Bookings are open. For more information and to secure your ticket, visit https://gasworldconferences.com/conference/helium-super-summit-2023-houston/

About the author
Related Posts
No comments yet
Get involved
You are posting as , please view our terms and conditions before submitting your comment.
Loading feed...
Please wait...