Total Helium has advanced its plans to build a salt cavern helium storage facility to bring long-term storage and supply security to the industry.
The helium exploration company last week (11th Nov) said it had secured that water rights for the construction of the western Kansas-based site that will have capacity to hold 400 million cubic feet of helium per year.
Monthly payments are currently being received by Total Helium for advancing the project. The company is working with several industrial gas companies to fund the development.
Total Helium and its industrial gas partner with own the facility 50-50.
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