Gulf Cryo has entered into a long-term helium supply agreement with The Linde Group, which provides Gulf Cryo with a secure, strategic source of both gaseous and liquid helium.
The deal facilitates a vehicle for further expansion into the helium market in the Middle East for Gulf Cryo.
The company currently supplies Heliox for diving campaigns, liquid helium for medical MRI’s and gaseous helium for special engineering applications throughout the Middle East. The new contract covers both gaseous and liquid helium, allowing for an even greater coverage of the market.
The Linde Group is a major supplier of helium and related services worldwide and supplies helium to the Middle East and other markets, via a long-term supply agreement with RasGas in Qatar.
“The helium source in Qatar, and the helium platform in Jebel Ali free zone makes Linde the natural helium partner for Gulf Cryo. This agreement will help fuel Gulf Cryo’s coming growth cycle through a more reliable helium supply scheme, and provide Linde with a solid regional partner to help load its helium volumes,” explained Naji Skaf, COO of Gulf Cryo.
In a further announcement, Gulf Cryo revealed it has also entered into a Product Swap Agreement with Linde, through which Arabian Gases (a Gulf Cryo subsidiary based in the UAE) will be supplied with liquid oxygen and liquid nitrogen. The gases will be supplied through a long-term agreement with Linde Gas Middle East.
The gases will be supplied through a Linde Gas Middle East source in Ruwais, in the Emirate of Abu Dhabi. In parallel, Gulf Cryo will supply Linde with liquid oxygen, nitrogen and argon in the Kingdom of Saudi Arabia, from its own production facilities in Kuwait.