Linde recently announced it has signed a new long-term helium off-take agreement to recover the helium contained in Freeport LNG's production site in Texas. Linde will also construct a new helium processing plant in Freeport to purify and liquify the recovered helium, securing an additional source of liquid helium in the U.S.

The project is on track to start up in 2024 and provide nearly 200 million cubic feet of helium into Linde's supply portfolio.

"Through a unique application of Linde's proven technology, we are able to efficiently capture helium from Freeport's LNG plant. Working with Freeport, Linde will be securing a new helium source in the U.S. to help meet growing demand," said Odessa Mann, General Manager Helium & Rare Gas, Linde."