Business/News
Commercial Helium Production to Launch on Yorke Peninsula Amid Global Shortage
Commercial helium production is set to begin on the Yorke Peninsula within 18 months, addressing a global shortage of the rare gas. Gold Hydrogen's project aims to capitalize on the region's significant helium reserves, with an estimated 41 billion cubic feet of gas available.
SR
By Staff Reporter
News reporter · Updated about 15 hours ago
Gold Hydrogen has announced plans to commence commercial helium production on the Yorke Peninsula, marking a significant milestone for the region and addressing a pressing global shortage of the vital gas.
The company's managing director, Neil McDonald, expressed confidence in the project's prospects, citing robust numbers and favourable geology.
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