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WOKING, England - Industrial gases company Linde (NASDAQ:LIN), a global leader with a market capitalization of $221.45 billion, announced Wednesday it has commissioned one of the world’s largest helium storage caverns in Beaumont, Texas, enhancing supply reliability for the critical gas.
The facility has a capacity exceeding three billion cubic feet and is one of only three helium salt caverns globally. The storage system is designed to balance natural supply and demand cycles by storing and extracting helium as needed.
This development comes as part of Linde’s ongoing investments to strengthen its global helium infrastructure amid growing demand. The company maintains proprietary technology for helium storage and production, supported by a diverse network of sources and production facilities worldwide.
Helium serves essential functions across multiple industries, including semiconductor manufacturing, space vehicle launches, and medical imaging equipment.
"Helium’s unique properties make it indispensable for our customers in vital industries, including aerospace, electronics, healthcare and manufacturing," said Anshul Sarda, Managing Director Global Helium and Rare Gases at Linde.
Linde reported sales of $33 billion in 2024 and serves markets including chemicals, food and beverage, electronics, healthcare, manufacturing, metals, and mining.
The announcement was made in a company press release statement.
In other recent news, Linde has declared a quarterly dividend of $1.50 per share, payable on September 18, 2025, to shareholders of record as of September 4, 2025. Analysts from Bernstein SocGen Group have reiterated an Outperform rating for Linde, with expectations of a 26th consecutive earnings per share (EPS) beat when the company reports its second-quarter 2025 results. Linde is also expanding its industrial gas facilities in Florida and Texas to support rocket launches and space operations, with new supply agreements in place. Citi has upgraded Linde’s stock rating from Neutral to Buy, raising the price target to $535.00, citing strong execution and improved foreign exchange rates. Meanwhile, UBS has maintained a neutral rating with a $485.00 price target, following an investor event that highlighted Linde’s investments in low carbon hydrogen and technology for various sectors. These developments underscore Linde’s ongoing strategic initiatives and financial performance.
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