Linde awarded contract for helium purification plant for Weil Group's Saskatchewan, Canada, helium project
Also signs long-term helium supply contract
MUNICH and RICHMOND, Va., Jan. 6, 2015 /PRNewswire/ -- The Linde Group has been awarded a contract to provide its helium purification and processing technology to Richmond, Virginia-based Weil Group Resources, LLC. The helium plant, to be located near Mankota, Saskatchewan, Canada, will process 10 million cubic feet per day of natural gas and produce industrial grade (99.999%) helium. The plant is expected to be operational by early 2016.
Linde Gas North America LLC will purchase Weil's industrial grade helium production under a long-term purchase-sale agreement. "The Mankota Project is of strategic value for Linde, given the dynamics of the helium market," said Nick Haines, Linde's head of Global Helium Sourcing. "This award not only builds on Linde's leadership role in its worldwide supply of helium and helium processing technology, but will serve to forge an innovative alliance with Weil in helping source new helium for our customers -- a vital gas with many important high-tech industry applications."
Linde is the leader in helium processing technology and gas distribution. Weil is a privately owned company exclusively devoted to finding, drilling and developing reserves for, and producing industrial grade helium.
"Because of Linde's global position and the strategic nature of helium, we are excited by this project and believe Weil's focus on finding and developing additional reserves is well placed," Haines said. "We are pleased to be working with them to help assure ongoing reliable supply for our customers."
Weil's CEO, Jeff Vogt, said, "We are delighted to be working with Linde in this unique project. "Linde has proven to be creative in its technology solutions, and proactive in its posture to bring new helium to the marketplace." The Saskatchewan helium production will be the first to come on stream since the 1960's in the Province.
About The Linde Group
In the 2013 financial year, The Linde Group generated revenue of $23.1 bn (EUR 16.655 bn), making it the largest gases and engineering company in the world with approximately 63,500 employees working in more than 100 countries worldwide. The strategy of The Linde Group is geared towards long-term profitable growth and focuses on the expansion of its international business with forward-looking products and services. Linde acts responsibly towards its shareholders, business partners, employees, society and the environment – in every one of its business areas, regions and locations across the globe. The company is committed to technologies and products that unite the goals of customer value and sustainable development. For more information, visit www.linde.com
About Weil Group Resources, LLC
Weil Group Resources, LLC is privately held, and develops niche energy and resource projects in North America and emerging markets. Weil and its shareholders have had extensive international experience in enhanced oil recovery in mature oil and gas fields, as well as nickel mining and processing, in Colombia, South America and the Philippines, respectively. Weil has developed a portfolio of significant helium bearing projects, and looks to consolidate separate projects to bring new helium supply to the market, in the most cost-effective manner possible.
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SOURCE Linde North America
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