One of the most promising new developments in the global helium business last year was the emergence of Helium One, the arrival of a potential new stakeholder in the market with untapped resources in helium production.
Such is the often-precarious nature of the helium business and its balancing act of supply and demand, that any significant new entry of capacity is something to be celebrated. With the backdrop of a US BLM-operated Federal Helium Reserve that’s gradually depleting and moving to a Federal Helium Users-only stockpile by 2020, new sources of supply take on even greater magnitude. Potentially presenting as-yet-exploited helium prospects in Tanzania, East Africa, Helium One represents a new horizon in helium sourcing.
Yet it was not a new horizon by design; rather, the rise of Helium One is a story built on accidental discovery or, as CEO Thomas Abraham-James (pictured) puts it, the rediscovery of the discovery.
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