Breaking News Bar

Business News and Information

Developments in the Helium Market

NEW YORK, December 18, 2017 /PRNewswire/ --

Helium is a natural resource and being one of the coldest substances known in its liquid form, has allowed helium to be implemented into a wide variety of applications. According to a research report by Decision Databases, helium is widely used in NMR machines, MRI (magnetic resonance imaging) and nuclear reactors as a coolant. The use of helium in MRI equipment is a significant factor which is anticipated to increase the demand for helium in the near future. The report indicates that by product, the global helium market can be classified into gaseous helium and liquid helium. Based on applications, the global helium market can be segmented into health care, aerostatics, transportation, electronics, cryogenics, semiconductor & fibre optics, leak detection & gas chromatography, welding and others. Geographically, North America led the market in terms of consumption in 2016 and it occupies the largest share of the helium market. Bruin Point Helium Corp. (TSX-V: BPX), Praxair, Inc. (NYSE: PX), Air Products & Chemicals, Inc. (NYSE: APD), Western Digital Corp. (NASDAQ: WDC), Gazprom PAO (OTC: OGZPY)

A research report by Technavio estimates that the global helium market will grow at a CAGR of around 9% between 2016 and 2020, at which point the market will exceed $1.5 billion. The research indicates that the packaged mode of distribution accounts for 49% of the overall market share. Consumers with small volume requirements are usually catered to through the packaged distribution mode, where compressed gas is sold in metal cylinders, which are often delivered to the customer's facilities on-demand. Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research, explained, "Vendors are offering a series of packaging solutions, and are replacing metal packaging by composite materials made of plastic or aluminum. These cylinders are lightweight and offer immense benefits in terms of energy savings. Several companies like Luxfer Group and Time Technoplast have adopted composite cylinders in their distribution channel."

Bruin Point Helium Corp. (TSX-V: BPX) is currently listed on the TSX Venture Exchange under the ticker 'BPX'. The company just announced breaking news this morning that, "Mr. Frank Jacobs, CEO is pleased to provide an overview of the helium industry as well as forecast targets made by industry analysts and experts. Our goal here is to offer a compilation of third-party information for shareholders and potential shareholders.

The price of helium has doubled over the past decade and experts predict demand for the gas will continue to grow. According to research firm, Technavio, the helium market is expected to see a compound growth rate of circa 9% for the next 3 three years. And market dynamics signal further potential upswings in the price of the gas.

Helium quickly escapes the earth's atmosphere, meaning recovery is only viable from underground deposits. Often a by-product of natural gas extraction, economically viable helium concentrations may begin at 0.5%. Helium's boiling and melting points are the lowest of any element, meaning it only exists as a gas on earth except in the most extreme cold conditions. This makes helium unique and increasingly important for cooling applications such as in nuclear reactors, semiconductors, lasers, light bulbs, superconductivity, instrumentation, and cryogenics. Healthcare applications make up the largest share of helium consumption today, with MRI machines alone accounting for over 20% of total helium demand. MRI machines continue to become more commonplace in hospitals throughout the world, providing a clear opportunity for the commodity and a stable outlook for the helium market.

More recently, new applications have emerged that elevate helium market forecasts even higher. Innovative aerospace projects, such as Lockheed Martin's hybrid airships that offer a more efficient and effective way of transporting freight to and from remote areas, and Google's Project Loon, which aims to provide internet throughout the world though helium filled balloons, promise long-term potential in the market. Helium is also increasingly being used in technology and electronics applications. Major firms, such as Western Digital and Netflix, are using helium to increase the speed and density of hard drives to provide faster access to data. The benefits of helium to electronic hard drives are immense - helium hard drives can reduce weight-to-data ratio by 30% and energy consumption by 23% and run four to five degrees cooler, vastly improving performance and product lifetime. According to Western Digital, whose subsidiary HGST released the first helium hard drive, the storage density results in a significantly lower cost per gigabyte and a lower total cost of ownership.

Additional details regarding Bruin Point's operations and timeline will be available in the coming months. For more information about Bruin Point, please visit http://www.bruinpoint.com/. About Bruin Point Helium - Bruin Point Helium Corp., headquartered in British Columbia, Canada, is exploring its acreage for helium covering 17,767 acres in the southeast Carbon County district of Utah. Holding potentially significant helium reserves, Bruin Point Helium is poised to capture the opportunity offered by rising helium prices due to growing demand for helium globally being driven by new technology-based applications Bruin Point Helium Corp. is listed on the TSX Ventures Exchange."

Praxair, Inc. (NYSE: PX) is a leading industrial gas company in North and South America and one of the largest worldwide. Praxair produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings. On November 15, 2017, the company notified bulk liquid helium customers worldwide of increases in helium prices of up to 10%, depending upon the region, effective January 1, 2018, or as contracts permit. This adjustment is in response to continuing cost inflation impacting crude and refined helium, including the most recent U.S. Department of the Interior, Bureau of Land Management (BLM) announced price increase, as well as higher distribution costs worldwide. Praxair continues to make investments and enhancements in capacity and the efficiency of its helium operations worldwide; this adjustment will further enable the company to continue to deliver high levels of supply reliability.

Air Products & Chemicals, Inc. (NYSE: APD) is a world-leading Industrial Gases company in operation for over 75 years. On June 27, 2017, the company announced it has been awarded the industrial gases supply to support the capacity expansion of the Tianjin facility of Semiconductor Manufacturing International Corporation (SMIC), one of the world's leading semiconductor foundries and the largest and most advanced foundry in mainland China. To support the customer's expansion, Air Products will build an on-site nitrogen plant and leverage its existing air separation unit and liquid gases capacity to supply a broad range of high-purity bulk gases, including nitrogen, oxygen, argon, carbon dioxide, hydrogen and helium, as well as compressed dry air. SMIC's Tianjin facility is located in the state-level Xiqing Economic and Technological Development Area (XEDA), a key electronics industry base in the northern China city. The current facility has been using Air Products' high-purity nitrogen, oxygen, argon and helium since 2004 for producing 8-inch (200mm) wafers.

Western Digital Corp. (NASDAQ: WDC) is an industry-leading provider of storage technologies and solutions that enable people to create, leverage, experience and preserve data. Earlier this year, the company announced the expansion of its award-winning WD Red® and WD Red Pro NAS hard drives lineup with the introduction of 10TB capacity models optimized for use in personal, home and small to medium business NAS systems. Western Digital has shipped more than 15 million helium-based high capacity drives into multiple applications, including for NAS systems, to date and is continuing to support customers with higher capacities and outstanding reliability. Designed with Western Digital's HelioSeal® helium-technology, the WD Red 10TB hard drive provides higher capacity and performance to meet the increasing storage needs of always-on, single-to-8-bay NAS systems. The helium-based design enables a 25 percent capacity increase from the WD Red 8TB NAS storage drive.

Gazprom PAO (OTC: OGZPY) is a global energy company focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power. On November 29, 2017, the company announced that the Gazprom Board of Directors commended the Company's efforts with regard to the implementation of the gas processing strategy in the Russian Federation. The Amur GPP, the largest natural gas processing facility in Russia and one of the biggest in the world, is under construction in the east of the country. The plant will annually process 42 billion cubic meters of gas from the Yakutia and Irkutsk gas production centers. Along with commercial gas, the GPP will produce helium, ethane, propane, butane and other components valuable for the petrochemical sector. The first two of the six process trains will become operational in 2021.

Subscribe Now! Watch us report from LIVE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the "Site") is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated five thousand dollars for financial news dissemination and PR services by bruin point helium corp. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com.

Media Contact:
info@financialbuzz.com
+1-877-601-1879

Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
bottom clear