Jan 25, 20232 min
Royal Helium has signed a Carbon Credit Agreement (CCA) with Guardyan Conservation Corp. for the development of a carbon credit strategy for the Steveville Helium Recovery Plant. Guardyan will also be entering Royal into the voluntary and compliant carbon markets with the development of a carbon credit portfolio through the low emission helium production at Steveville. Royal sees the possibility of getting C$3mm-6mm in carbon credits per annum from Steveville.
Press Release:
Royal Helium Ltd is pleased to announce that it has signed an agreement with Guardyan Conservation Corp for the development of a carbon credit strategy for the Steveville Helium Recovery Plant. Guardyan will also be entering Royal into the voluntary and compliant carbon markets with the development of a carbon credit portfolio through the low emission helium production at Steveville. Further details will be announced as the Steveville plant begins operations.
Andrew Davidson, President and CEO of Royal comments, “This partnership highlights Royal’s proactive commitment to high environmental standards with our mandate of ensuring all available GHG emission reduction options are integrated into our facility. Guardyan will focus on maximizing the available carbon credits resulting from the efficient plant design. 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.”
Jana McDonald, CEO of Guardyan states “We are excited to be partnering with Royal in the development of both their low emissions helium facility and resulting emissions reduction monetization strategy. Royal Helium has demonstrated a commitment to the highest environmental standards and we couldn’t be more pleased to steward their integration into the carbon markets for what we see as years to come”
About Guardyan Conservation Corp.
Guardyan is a full-service carbon credit developer who guides organizations through the sustainability landscape, prioritizing impact, simplicity, and profit. With evolved knowledge in voluntary and compliant markets around the world, Guardyan identifies organization’s specific challenges and opportunities to identify emission reductions and develop the right carbon credits from conception to commercialization.