VVC Achieves Cashflow Generating Milestone
TORONTO, June 26, 2023 (GLOBE NEWSWIRE) — VVC’s Strategic Investment, Proton Green, LLC (“Proton Green”), the operator of one of the leading helium, beverage grade CO2, and carbon sequestration hubs in North America, announced the startup of its Phase I Helium Extraction Plant at its St. Johns Dome asset, which spans approximately 150,000 contiguous acres. The St. Johns asset is located in Apache County, Arizona, atop one of the largest helium and carbon dioxide reservoirs in North America, with an estimated 33 billion cubic feet of helium and 9 trillion cubic feet of CO2 in accessible reservoirs. Notably, both helium and CO2 produced from the region contain no hydrocarbon component.