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Royal Helium entered into init...

FOOD AND BEVERAGES

Royal Helium entered into initial offtake agreement for the sale of food and beverage grade CO2

Royal Helium beverage grade CO2
The Silicon Review
01 April, 2024

This agreement, spanning three years, will primarily cater to markets in the Pacific Northwest Region of the United States

Royal Helium Ltd., known as "Royal" or the "Company," is excited to announce its inaugural offtake agreement for the distribution of food and beverage-grade CO2 from its Steveville Processing and Purification Facility. This agreement, spanning three years, will primarily cater to markets in the Pacific Northwest Region of the United States. David Young, President of Royal Helium, expresses enthusiasm, stating that the agreement signifies a substantial expansion in the economic scope of Royal's initial facility, underscoring the company's dedication to growth and innovation. It not only advances the company’s mission to market a diversified range of value-added gases but also underscores the versatile commercial products generated by the facility, thereby creating multiple revenue streams for shareholders. This inaugural agreement underscores the organization’s strategic approach to maximizing the monetization of each facility, and the team anticipates additional opportunities to address the increasing unmet demand for CO2 and purified commercial products across various underserved US markets.

Given the competitive landscape of these negotiations and ongoing discussions for additional contracts, specific details regarding volume and price remain undisclosed at this time. Royal Helium pledges to keep the market informed through updates on its CO2 business as developments unfold.

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