(North American Helium/Facebook)
A private southwest Saskatchewan facility that will produce and sell purified helium is being promoted by the provincial government as evidence of Saskatchewan’s leadership as a supplier of necessary resources.
“Saskatchewan has the natural resources the world needs, and it is important we continue providing a competitive investment environment to attract projects such as this that will create jobs in our communities, grow our economy and build a strong Saskatchewan,” Doug Steele, the Cypress Hills MLA, said in a news release.
“This facility will create and support local jobs, enable the province to scale up helium production, and grow export capacity,” Energy and Resources Minister Bronwyn Eyre added in the release.
CANADA S LARGEST HELIUM PURIFICATION FACILITY OPENS IN SASKATCHEWAN carlyleobserver.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carlyleobserver.com Daily Mail and Mail on Sunday newspapers.
Helium is a highly desirable commodity used in medical research, semiconductor manufacturing, space exploration, fibre optics, and advancements in nuclear power generation. This facility will create and support local jobs, enable the province to scale up helium production, and grow export capacity, Energy and Resources Minister Bronwyn Eyre said. It will also further diversify our natural resource sector and position Saskatchewan as a leading supplier of a critical element that the world needs. Helium is included on both the Canadian and American lists of critical minerals, considered necessary for the modern economy, emerging technologies or which face supply chain risks. Prices for helium have risen by more than 160 per cent since 2017, as a result of increased global demand and shortage of supply. Canada currently has the fifth-largest helium resources in the world, with significant underground reserves in Saskatchewan.
Methane, the key constituent of natural gas, is a potent greenhouse gas when emitted to the atmosphere unburned. In recent years there have been international, national and provincial efforts to reduce methane emissions. On Jan. 26, the Government of Saskatchewan announced support for three new projects that will reduce methane emissions, increase gas processing capacity and create jobs. The projects qualify for the Saskatchewan Petroleum Innovation Incentive (SPII) and the Oil and Gas Processing Investment Incentive (OGPII), which provide a percentage of transferable royalty credits once private funding has been dedicated and facilities have been built. “These projects, including one that’s first of its kind in the province, are already creating jobs,” Energy and Resources Minister Bronwyn Eyre said in a release. “They support Saskatchewan’s economic recovery and the environment at the same time, by capturing and commercializing methane, rather than venting or
Regina– Methane, the key constituent of natural gas, is a potent greenhouse gas when emitted to the atmosphere unburned. In recent years there have been international, national and provincial efforts to reduce methane emissions. On Jan. 26, the Government of Saskatchewan announced support for three new projects that will reduce methane emissions, increase gas processing capacity and create jobs. The projects qualify for the Saskatchewan Petroleum Innovation Incentive (SPII) and the Oil and Gas Processing Investment Incentive (OGPII), which provide a percentage of transferable royalty credits once private funding has been dedicated and facilities have been built. “These projects, including one that’s first of its kind in the province, are already creating jobs,” Energy and Resources Minister Bronwyn Eyre said in a release. “They support Saskatchewan’s economic recovery and the environment at the same time, by capturing and commercializing methane, rather t