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Stock impact report

New Prague company helping effort to build helium plant on Iron Range [CBS News]

Chart Industries, Inc. (GTLS) 
Last chart industries, inc. earnings: 4/23 06:00 am Check Earnings Report
Company Research Source: CBS News
WCCO visited the site in Babbitt in February 2024 to see the underground mine. This summer, engineers at Pulsar Helium hope to start building a plant that will extract helium gas and store it on the surface. That's where Chart Industries, based in New Prague, comes in. "As the gas comes out of the ground, the next stage is refining that gas and creating a pure helium product, and that's the equipment provided here by Chart, and then the storage tanks will store the helium before it goes off to where the customers need it to be," said Thomas Abraham James, chief executive with Pulsar Helium. Organizers already have an idea of what the layout of the plant will look like. "The tanks would be right next to the production facility, so right there onsite near the well heads and maybe two to four to start off with," he said. The cost to design and build the plant in Babbitt could be up to $50 million. Helium is a $3 billion industry, and blimps and balloons aren't the markets Show less Read more
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