U.S.-based helium production company – Artifex.News https://artifexnews.net Stay Connected. Stay Informed. Thu, 28 Nov 2024 22:50:00 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://artifexnews.net/wp-content/uploads/2023/08/cropped-Artifex-Round-32x32.png U.S.-based helium production company – Artifex.News https://artifexnews.net 32 32 Reliance’s U.S. unit buys $12 million stake in helium explorer Wavetech Helium https://artifexnews.net/article68924647-ece/ Thu, 28 Nov 2024 22:50:00 +0000 https://artifexnews.net/article68924647-ece/ Read More “Reliance’s U.S. unit buys $12 million stake in helium explorer Wavetech Helium” »

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Reliance Industries’ U.S. unit has bought a 21% stake in U.S.-based helium production company Wavetech Helium for $12 million, the conglomerate said on Thursday (November 28, 2024), in a move aimed at expanding its low-carbon energy segment.

The billionaire Mukesh Ambani-run group, which operates the world’s biggest oil refining complex at Jamnagar in the western Indian state of Gujarat, announced in 2021 investments worth $10 billion to develop its green energy portfolio and achieve its 2035 net zero carbon goal.

Helium gas, a by-product of mining natural gas, is used in several green technologies, as well as in medical applications, scientific research, aerospace and aeronautics, electronics, fibre optics, among others.

Published – November 29, 2024 04:20 am IST



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