Helium Market Estimated to Reach $2920.2 Million by 2028 The "Helium (Liquid Helium and Gaseous Helium) Market" research report for 2023-2030 forecasts substantial growth in the global helium market. The market size of the is estimated to reach US $2920.2 million by 2028, growing at a 5.7% CAGR.
The report highlights helium's various applications (including low-temperature cold source, aerospace, electronic semiconductor, pipeline leak detection, and welding) and features prominent manufacturers like Rasgas, Exxon, and Linde, who collectively account for about 51 percent of the global market.
Source: https://www.linkedin.com/pulse/helium-liquid-gaseous-market-size-trends-outlook
Total Helium (Ticker: TOH.v or TTLHF for US investors) stands out in the helium industry, achieving high helium concentrations of 5-8%, mainly attributed to the success of the Pinta South Helium Field in which TOH holds a 50% stake.
The project currently boasts nine operational helium wells, with ten more in various stages of development. Integrating these additional wells into the production network is poised to substantially boost helium production and revenue.
The Pinta South Project, spanning 27,000 acres in Arizona's Holbrook Basin, encompasses multiple promising helium reservoirs, particularly the Shinarump Formation at depths of 700-1,200 ft, demonstrating strong production potential.
TOH's cost-effective and low-risk strategy is pivotal for sustainable and efficient helium production, with each well in the Pinta South field costing only about $222,000 to drill and connect to the pipeline. Pinta South offers extensive opportunities for production expansion, with over 300 potential drilling locations on the property.
TOH has strategically partnered with Linde, the world's leading industrial gas company in market share and revenue. This partnership involves Linde financing the expansion of the pipeline for the Pinta South Project and committing to purchase all helium produced from the initial 10 wells, while also offering flexible pricing for other wells.
Given TOH's ability to produce high helium concentrations and its modest market capitalization of only $22.527M, it represents an appealing investment opportunity
Company Website: https://www.totalhelium.com/operations/
Posted on behalf of Total Helium Ltd.