After the shortages of recent years and dynamics that reached a crescendo in 2013, a situation of both stability and over-supply returned to the helium business in 2014.
Helium still made the headlines this year with the start-up of operations at the Qatar II plant in Ras Laffan, but the global gases business in 2014 was typified by ongoing project activity, maximising efficiencies, mergers and acquisitions (M&A), and the increasing rise of new clean energies.
A number of projects are set to be realised in the year ahead, from the addition of a new steam methane reformer (SMR) in Niagara Falls to six major ASUs coming on-stream in China, and the launch of the world’s largest carbon dioxide (CO2) purification and liquefaction plant in-between.
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