The Future Of Amarillo’s Helium Plant To Be Decided
Helium is a non-renewable gas. It takes a very long time for helium to develop inside the earth. The plant in Amarillo is now seeking guidance on what their future mission will be.
The plant is paying off its debt to the U.S. Treasury in October, which is somewhat earlier than planned. The plant will then have helium obligations to fill through 2018. After that the plant will have a surplus of the rare gas and is asking for guidance on what to do next.
The plant is looking for information on how to manage the resource, what the intent is in managing the resource and if and how to sell off the remaining helium that is in the ground.
The Bureau of Land Management claims we are not running out of helium and have a supply to last the next fifty to one hundred years.
Other helium plants are located in Wyoming, Algeria, Poland and Australia.
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