Industrial gases: a challenging and innovative exploration
Industrial gases are gaseous materials that are manufactured for use in a wide range of industries, which include oil and gas, petrochemicals, chemicals, power, mining, steelmaking, metals, environmental protection, medicine, pharmaceuticals, biotechnology, food, water, fertilizers, nuclear power, electronics or aerospace.
Major gases classified under industrial gases include atmospheric gases (nitrogen, oxygen and argon), elemental gases (hydrogen, chlorine and fluorine), noble gases (helium, neon, xenon and krypton) and other gases (acetylene and ammonia).
Such industry is experiencing a strong growth in both developing and developed regions and is turning to be more and more strategic. Some of these gases can only be commercially found in the subsurface. However, historically, those gases were never properly explored and systematically discovered unintentionally, most of the time associated with hydrocarbons.
For this reason, 45-8 Energy decided to use both, its strong geosciences and exploration experience, to develop a unique exploration methodology specifically dedicated to industrial gases with a primary focus on Helium and Hydrogen resources specifically in Western Europe.
« Global industrial gases market is forecast to grow from $76 to $106.26 billion by 2022 on account of rising demand from chemical & petrochemical, metal fabrication & production, automobile, healthcare & pharmaceuticals and food & beverage industries ». TECHSCI RESEARCH
« We forecast the global industrial gases market to grow at a CAGR of 6.57% during the period 2017-2021 » BUSINESS WIRE
« The rapid expansion of infrastructure in Asian economies will consume significant quantities of industrial gases to produce large volumes of steel ». IHS MARKIT
« It’s important to have a diverse Helium supply portfolio. If you have over-exposure to a single source, bad things can happen occasionally. ». GASWORLD