Pulsar Helium Signs Agreement With Chart Industries for Helium and CO2 Capture And Production
20 11월 2024 - 4:00PM
Pulsar Helium Inc. (AIM: PLSR, TSXV: PLSR, OTCQB: PSRHF)
("
Pulsar" or the "
Company"), the
helium project development company, is pleased to announce that its
wholly owned Minnesotan subsidiary, Keewaydin Resources Inc., has
signed an agreement (the “Agreement”) with Earthly Labs, a
subsidiary of Chart Industries (NYSE: GTLS, market capitalisation
approx. USD$7.1 billion), a leading supplier of industrial gas
processing plant and equipment. The Agreement outlines a
procurement roadmap, specific to Pulsar's needs, and facilitates
access to advanced gas processing technologies, including helium
and carbon dioxide capture, essential for servicing a potential
production scenario at Pulsar's flagship Topaz project in Minnesota
("
Topaz").
The Agreement sets out the following principal
terms for how the parties could work together, which would be
further detailed in a master services agreement to be entered
into:
- Pulsar would
agree to purchase the Chart carbon capture solution to capture
helium and CO2 from Topaz, allowing Pulsar to monetise these
products, whilst also reducing its emissions
- Under the terms
of the agreement, Chart will complete engineering studies and
provide helium and CO2 plant and storage recommendations for
Pulsar
Thomas Abraham-James, President &
CEO of Pulsar, commented: “We are thrilled to have signed
an Agreement with Chart Industries, the gold standard when it comes
to gas processing equipment. We look forward to working towards the
signing of a master service agreement and utilising this impressive
cutting-edge technology. This development is one of great
significance for Pulsar, as it is in line with our commitment to
realise production at Topaz whilst monetising both its helium and
CO2 products, all while reducing emissions. The additional benefit
of Earthly Labs and Chart carrying out engineering studies means
that we will reduce third-party costs, while reducing risk and
time-to-value.”
Details of the Agreement
The Agreement states that Keewaydin Resources
Inc. and Earthly Labs will work together to enter into a binding
agreement under which Earthly Labs will sell its CiCi (Elm) carbon
capture solution to Keewaydin Resources Inc. The CiCi (Elm)
solution includes CO2 capture, purification and liquefaction
technology, commissioning, and training.
Under the terms of the Agreement, Earthly Labs
will complete an engineering study for a CO2 plant, which will
include P&ID and heat, material balance and helium recoveries.
Chart will provide recommendations on a helium plant design and CO2
storage tanks made in Minnesota.
About Chart Industries
Chart Industries is a leading global
manufacturer of highly engineered equipment for the energy and
industrial gas sectors, offering innovative solutions across the
entire liquid gas supply chain. The company excels in
developing cutting-edge technologies for gas processing, including
helium liquefaction and carbon dioxide capture and utilisation.
Chart's acquisition of Cryo Technologies has
significantly enhanced its capabilities in helium processing,
enabling the company to provide complete solutions for liquefying,
storing, distributing, and marketing helium, regardless of plant
capacity. Their helium liquefaction systems utilise advanced vacuum
cold box technology and proprietary processes to achieve
unparalleled performance and quality. In the realm of carbon
dioxide, Chart offers award-winning technologies through its
Sustainable Energy Solutions (SES) and Earthly Labs acquisitions,
capable of capturing CO2 emissions from hard-to-abate industries
and converting them into purified, liquid CO2 for reuse or
resale.
With a strong commitment to innovation,
environmental responsibility, and a global presence spanning over
65 manufacturing locations, Chart Industries proves to be an
invaluable partner in gas processing, offering comprehensive,
efficient, and sustainable solutions tailored to meet the evolving
needs of the industry.
About the Topaz Helium
Project
The Jetstream #1 appraisal well was drilled at
the Company’s Topaz Helium Project in Minnesota, USA in February
2024. The well successfully flowed helium-bearing gas to surface,
with helium concentrations in the range of 8.7 – 14.5%. Following
the successful drilling and testing of Jetstream #1, the Company
intends to maintain momentum and has accordingly signed a new
drilling contract with Capstar Drilling to deepen the well by
approximately 500m to fully penetrate the entire interpreted
helium-bearing zone. The rig is scheduled to commence drilling in
December 2024 with all necessary site improvements and permits in
place.
About Pulsar Helium Inc.
Pulsar Helium Inc. is a publicly traded company
listed on the AIM market of the London Stock Exchange and the TSX
Venture Exchange with the ticker PLSR, as well as on the OTCQB with
the ticker PSRHF. Pulsar's portfolio consists of its flagship Topaz
helium project in Minnesota, USA, and the Tunu helium project in
Greenland. Pulsar is the first mover in both locations with primary
helium occurrences not associated with the production of
hydrocarbons identified at each.
Further Information:
Pulsar Helium
Inc.connect@pulsarhelium.com + 1 (218)
203-5301
+44 (0)2033 55 9889
Strand Hanson Limited
(Nominated & Financial Adviser and Joint Broker)Ritchie Balmer
/ Rob Patrick / Richard Johnson+44 (0) 207 409 3494
OAK Securities* (Joint
Broker)Jerry Keen (Corporate Broking) / Henry Clarke (Institutional
Sales) / Dillon Anadkat (Corporate
Advisory)info@OAK-securities.com+44 203 973 3678
BlytheRay Ltd(Financial PR)
Megan Ray / Said Izagaren+44 207 138 3204
pulsarhelium@blytheray.com
*OAK Securities is the trading name of Merlin
Partners LLP, a firm incorporated in the United Kingdom and
regulated by the UK Financial Conduct Authority.
Chart Industries Investor Contact:John
WalshSVP, Investor & Government
Relations770-721-8899john.walsh@chartindustries.com
For further information visit:
https://pulsarhelium.com
X https://x.com/pulsarhelium
LinkedIn https://ca.linkedin.com/company/pulsar-helium-inc
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
Chart Industries (NYSE:GTLS)
과거 데이터 주식 차트
부터 11월(11) 2024 으로 12월(12) 2024
Chart Industries (NYSE:GTLS)
과거 데이터 주식 차트
부터 12월(12) 2023 으로 12월(12) 2024