alt Hacker NewsMeanwhile we vent 95% of extracted helium into the atmosphere as an inconvenient waste gas.
If it is so important, why aren't all our gas wells extracting that helium? It is hard for me to see this as a ploy for anything other than raising helium prices for the few companies that do extract helium.
In anything that helium is critical for, the helium cost is inconsequential compared to both the cost of the other equipment that uses it, and the value gained from using that equipment.
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Most importantly, semiconductor fabs cannot operate without it. I was unaware, but I saw an interesting 60 minutes piece in it the other day.
I hear what you’re saying, but it’s the same reason a lot of natural gas is flared off or vented at oil wells. Helium is less than 1% of the total feed gas coming off a well and it requires specialized equipment to be able to recover it, on top of a way to distribute it. In most cases depending on the mix of gases coming out, it’s simply not economical for the operator.
Even with the supply being under pressure and prices going up from Qatar’s supply being cut off, that still might not be enough for companies to build the infrastructure. It would be a huge gamble. Once traffic in the straight of Hormuz goes back to normal that could be a losing proposition.
Helium is really hard to store and transport
If helium prices are raised by this won't that lower the threshold where it is considered a waste gas?
> If it is so important, why aren't all our gas wells extracting that helium?
Because until six months ago there was a cheap and convenient supply coming out of Persian Gulf states, and so its importance was not noticed (like so many other items that 'suddenly' became apparent when the supply was suddenly cut off).