Royal Helium has received $3m from the Government of Canada through Prairies Economic Development Canada (PrairiesCan) under its Aerospace Regional Recovery Initiative (ARRI) to equip and enhance its Steveville helium processing facility.
Launched in 2021 to help the Canadian aerospace sector emerge from the pandemic with the capacity to compete globally. Specifically, the organisation focuses on three key objectives:
- To green operations and adopt environmentally sustainable practices
- To improve productivity
- To strengthen commercialisation while furthering integration into regional and global supply chains
Andrew Davidson, CEO of Royal Helium, notes that the company has been working with PrairiesCan on the funding programme for almost a year and says he’s pleased to have been approved to receive the support.
The funding approval is tied directly to an offtake agreement signed with a leading space launch company in North America and is the result of months of work between Royal Helium and the professionals at PrairiesCan.
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