Galactica Development Update
Helium One Global provided an update on the Galactica Project, stating that a lease agreement has been signed with Kinder Morgan for CO2 processing equipment. The gathering system design is nearing completion, with installation to commence shortly. First helium and CO2 production is scheduled for December 2025. Blue Star plans to process up to 4.2 MMcfd of raw gas to produce up to 37,000 tons per annum of high purity CO2 at full capacity. The project remains on track for commissioning and operational readiness in December 2025, with first carbon dioxide sales expected in H1 2026.
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- Gathering system design nearing completion and installation will commence shortly
- First Helium and CO2 production on schedule for December 2025
Amine Unit Details
The amine unit comprises a 300 gallons per minute amine plant with flash tank, amine contactor, inlet gas filter separator and outlet gas scrubber. Blue Star plans to process up to 4.2 million cubic feet per day ("MMcfd") of raw gas to produce up to 37,000 tons per annum of high purity CO2 at full capacity.
Blue Star's wholly owned subsidiary, BNL (Enterprise) Inc, has entered into the equipment lease agreement with Kinder Morgan Treating LP. The agreement has a primary term of two years and will automatically renew for successive one-year terms unless terminated by either party giving at least 30 days' notice prior to the renewal.
Kinder Morgan Inc (NYSE: KMI) is a leading energy infrastructure company in North America; with extensive expertise in the carbon dioxide market built up over decades of operational experience, ranging from production using amine treating units at gas processing facilities, to its role as the continent's largest CO2 transporter. Kinder's integrated expertise makes it a key equipment and service provider for both enhanced recovery and the emerging carbon capture, utilisation and sequestration market.
Galactica Project Development Update
The project continues to progress, with foundational and preparatory work now largely complete. Overall project scheduling demonstrates that activities are on track for commissioning and operational readiness during December 2025.
Well site tie-ins, gas gathering system and facility site construction planning is being finalised, with a scheduled construction mobilisation in October.
The Company remains on schedule to deliver first helium in December 2025 and first carbon dioxide for sale in H1 2026. When first gas is produced in December 2025, the CO2 will initially be removed prior to the helium recovery unit ("HRU") via the amine plant, and a helium-enriched stream (with reduced CO2) will be put through the HRU. The mobilisation and tie-in of equipment to liquify the high purity CO2 stream to sellable grade will occur in H1 2026. The Galactica plant is planned to be progressively ramped up to full capacity as additional wells are gradually tied in during H1 2026.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.