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Helium – A Key Enabler for Critical Industries and Applications
Helium is a critical raw element used in many industries including healthcare, semiconductor research and development, and aerospace engineering, which has experienced a significant surge in demand over the past decade. Many of the world’s highest-tech industries—including computing and aerospace—will likely need even more helium in the future. But supply has outpaced production, leading to recurrent shortages, the latest of which began in January 2022.
The situation has been further complicated by the failure of several key projects, both internationally and domestically, resulting in a supply that struggles to meet the ever-growing demand. In response to these challenges, certain sectors have been forced to innovate in helium conservation, albeit with limited success in quenching their thirst for this indispensable gas.
Amidst this backdrop of scarcity and strategic necessity, New Era Helium is committed to mitigating these supply constraints through the development of its Pecos Slope plant in New Mexico. Our aim is to bolster the North American Helium Market by 1-2% by harnessing commercially viable helium reserves from legacy gas fields across the continent.
Key Helium Facts:
- Helium is vital for cooling and operating technology, such as MRI scanners, fusion reactors, particle accelerators, quantum computers, space telescopes, and for heat dissipation in semiconductor manufacturing.
- AI-driven computing surge is boosting helium demand with chip manufacturing anticipated to become the primary helium application in the near future.
- The world’s supply depends primarily on just three countries—the US, Qatar, and Algeria—and fewer than 15 companies worldwide.
- With so few sources, the helium market is particularly sensitive to disruptions—if a plant goes offline, or war breaks out, the element may suddenly be in short supply.
- The price of helium has climbed rapidly in recent years, putting industries that rely upon it at risk.
