Think twice if you’ve written off helium as a gas with dwindling interest and sinking demand. Far from it! Helium is still one of the most interesting industrial gas markets in today’s marketplace. New helium exploration projects remain an exciting opportunity and over the past year, even newcomer startups have jumped into the action quite successfully. Despite what many had predicted to be the close of Helium Shortage 3.0 in 2021, a side-effect of the pandemic, activity in the helium community has continued at a break-neck pace.
So why are new projects popping up in locations that have previously been ignored? One explanation is that advances in technology are paving the way for innovation in the industry.
The process gas market is seeing new methods of helium exploration and a growing number of new locations, especially in Canada and Africa. It’s a new type of demand rarely seen before. While the majority of the world’s helium is still produced as a co-product of natural gas, more and more entrepreneurs are realizing that they can profitably and sustainably operate wells with the sole purpose of producing helium alone.
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