US Air Products sees tight helium supply until projects start up

29 October 2013 20:58  [Source: ICIS news]

HOUSTON (ICIS)--Air Products expects helium to remain relatively tight over the next few years until its longer-term sources come on stream, an executive at the US-based industrial gases producer said on Tuesday.

“Helium volume was below our expectations and was again down versus prior year, driven by reduced availability from our helium feedstock suppliers in the US and Algeria,” said Simon Moore, director of investor relations at Air Products. “It was certainly positive that an agreement was reached to avoid shutdown of the US government helium supply.”

Moore said Air Products expects “modest sequential improvement through next year” as it begins receiving product from its Wyoming facility in late Q1 2014 and additional supply from the Middle East will help the industry.

Earlier this week, Air Products announced a project that would extract helium from Kinder Morgan’s carbon dioxide (CO2) stream, starting in 2015.

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By: Tracy Dang
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