Air Liquide America Signs LOI With Ridgeway Petroleum to Develop Strategic Agreement

10-May-2002

HOUSTON, Air Liquide America Corporation confirmed that the company has signed a letter of intent to develop a long-term, strategic agreement with Ridgeway Petroleum Corporation to purchase and market Ridgeway's accumulation of helium, located in the St. Johns Anticline of eastern Arizona and western New Mexico.

Cryogenic helium is a critical component used in applications such as magnetic resonance imaging as well as cooling scientific components for research. Applications for gaseous helium include welding, lifting balloons, leak detection, breathing gases and chromatography. The success of space shuttle missions and the deployment of airbags in automobiles are also dependent on the use of helium. Fiber optic strands are spun using helium as a cooling gas.

Benoit Pacreau, director, product management, Air Liquide America Corporation, said, "This is a wonderful opportunity for Air Liquide America to reinforce its long-term sourcing position within a highly competitive global helium market."

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Topic World Chromatography

Chromatography enables us to separate, identify and thus understand complex substances. Whether in the food industry, pharmaceutical research or environmental analysis - chromatography opens up a treasure trove of information about the composition and quality of our samples. Discover the fascinating world of chromatography!

50+ products
20+ whitepaper
40+ brochures