Helium start-up activity at unprecedented levels↩️ By Phil Kornbluth 10 June 2021 Excerpts... Before going further, it is worth noting that about 95% of the world’s helium supply is produced as a by-product of either natural gas processing or liquefied natural gas (LNG) production.
There is also quite a bit of gas in the ground that has fairly high helium concentrations in gas that is primarily nitrogen or, less frequently, CO2, and with uneconomic concentrations of hydrocarbons.
most of the recent start-up activity is focused on this non-hydrocarbon gas, where nitrogen is the major component and ’Green Helium’ is the primary commercial target. At recent prices, helium exploration and production can be quite a profitable undertaking for companies who are well managed, well-financed and able to identify a commercially viable reserve of helium bearing gas.
If the world were to follow through on current ’Green’ aspirations to decrease the rate of climate change and significantly reduces its reliance on natural gas, it would have a very significant detrimental impact on future helium supply and helium users.
BNL are targeting non hydrocarbon sourced 'Green Helium' where the predominant waste gas is Nitrogen.
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