This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Air Products' Helium Director Talks Market Supply Solutions At EIGA

LEHIGH VALLEY, Pa., Jan. 30, 2013 /PRNewswire/ -- "Like fossil fuels, helium is a finite resource.  While the known supplies are sufficient to meet demand for more than 100 years, and with advances in exploration and drilling, chances are that we may find even more, this finite resource must be managed," is the message Walter Nelson, director of Helium sourcing at Air Products (NYSE: APD) delivered today at the European Industrial Gas Association (EIGA) Symposium in Brussels, Belgium. 

Air Products is one of the largest helium refiners in the United States and a leading supplier globally.  There has been much discussion recently about the tightness in the market and the availability of helium.  Nelson's presentation discussed all aspects of the helium business: where helium comes from; its uses and market demand; availability and distribution; supply shortage; and conservation and recycling efforts.  Most importantly, Nelson presented the key actions necessary to maintain and increase helium supply for today and tomorrow.

The importance of an available helium supply to society is easily demonstrated by its many uses. The largest end-user market segments for helium are the health industry with magnetic resonance imaging (MRI) and MRI manufacturing, and the semi-conductor industry.  Scientific research, and traditional uses such as cutting and welding, balloons and lifting applications, diving gas mixtures and analytical and leak detection, are several other end-uses for the noble gas.

Addressing tightness in the helium market, Nelson said that we are seeing a shortage of helium supply resulting from limits in natural gas and liquefied natural gas (LNG) production as well as some existing production plant disruptions around the globe.  There are no naturally-occurring underground reservoirs of pure helium.  Helium is a byproduct of natural gas production. 

"The current shortage in the helium market is unprecedented. Investments by the energy sector are necessary to develop and employ helium recovery with natural gas processing where there is helium present," he said.  "Not all natural gas fields are alike.  Part of the decline in helium production is due to companies focusing their natural gas drilling efforts on natural gas that is rich in liquids rather than 'dry gas' which typically has more helium."

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs