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CALICHE DEVELOPMENT PARTNERS PUTS WORLD'S LARGEST HELIUM SALT CAVERN IN SERVICE WITH LONG-TERM LINDE CONTRACT

1. Linde begins helium storage service at Caliche's Beaumont facility. 2. This cavern is the largest in the world, boosting local economy. 3. Construction created 65 jobs and resulted in two permanent positions. 4. Helium storage impacts industries like aerospace, electronics, and healthcare. 5. Caliche previously operated North America's first helium cavern.

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Why Bullish?

The establishment of helium storage enhances Linde's market position, especially in growing industries. Historical precedence shows companies engaged in critical resource storage often see positive stock performance as demand rises.

How important is it?

The article outlines a significant operational development for Linde, potentially increasing revenue streams in critical industries. Given the ongoing demand for helium in various sectors, this facility positions Linde favorably.

Why Long Term?

The strategic addition of helium storage positions Linde strongly for future demand. Similar infrastructure developments in the past have led to sustainable business growth over years.

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APDLINMXC
, /PRNewswire/ -- Caliche Development Partners announced today that it has begun providing helium storage service to Linde (Nasdaq: LIN), a leading global industrial gases and engineering company, at its Golden Triangle Storage (GTS) complex in Beaumont, TX.  The cavern is the third helium storage cavern in the world, the second in the US, and the world's largest at more than three billion cubic feet.  The Caliche team previously developed, operated, and sold the Coastal Caverns storage asset, which included North America's first helium cavern.  The new helium cavern brought in ~65 jobs during construction and has resulted in two full-time jobs.  "With the help of our sponsor, Sixth Street, we are excited to put our third cavern at Golden Triangle Storage in service.  We believe the helium storage should have a lasting impact on the Beaumont-Port Arthur economy, and on vital industries like aerospace, electronics, healthcare and manufacturing," said Sam Wallace, Chief Commercial Officer of Caliche.  About CalicheCaliche, in partnership with sponsor Sixth Street, is an acquisition and development company focused on the underground storage of natural gas, industrial gases like hydrogen and helium, and carbon sequestration. The Houston-based company's assets are in Jefferson County on the US Gulf Coast (Golden Triangle Storage, GTS and Caliche CO2 Sequestration) and in Colusa County, CA (Central Valley Gas Storage, CVGS). Caliche's management team previously developed and sold its underground storage business (Coastal Caverns) on the historic Spindletop salt dome in Beaumont. calichestorage.com SOURCE Caliche Development Partners III WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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