Praxair ups helium supply by 25 percent

Praxair ups helium supply by 25 percent

Danbury, CT

An agreement between Union Pacific Resources Group and Praxair increases Praxair`s helium supply by 25 percent. As part of the deal, Union Pacific will plunk down $60 million to construct and operate a processing plant in southeast Colorado that includes a gas gathering system. Praxair in turn will design and build a natural gas processing unit, and a helium liquefier, which will also be operated by Union Pacific. Demand for helium is on the rise because it is critical in fiber optics where it is used to eliminate impurities and cool fiber strands during production. — KS

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