Linde lauds Congress' bipartisan passage of helium legislation critical to healthcare and high-tech manufacturing

  Linde lauds Congress' bipartisan passage of helium legislation critical to
                    healthcare and high-tech manufacturing

PR Newswire

MURRAY HILL, N.J. and NEW PROVIDENCE, N.J., Sept. 30, 2013

MURRAY HILL, N.J.and NEW PROVIDENCE, N.J., Sept. 30, 2013 /PRNewswire/
--Linde North America praised both the U.S Senate and House of
Representatives for showing bipartisanship in approving legislation to
reauthorize the Federal government's helium program, which is the source of
40% of the nation's helium.

(Logo: http://photos.prnewswire.com/prnh/20130530/NY23246LOGO-b )

On Thursday afternoon, the Senate voted unanimously to approve the Helium
Stewardship Act to extend the helium program. Passage by October 1 was
critical to preventing a supply disruption.

Linde's global head of Bulk, Helium and Rare Gases, Joe Horn said the
legislation will help stabilize helium markets and prevent disruptions in
helium supply. "Passage of this legislation ensures security of supply for our
customers in North America now that the Federal Helium Reserve, operated by
the Bureau of Land Management (BLM), will have the funding to continue its
operations, which supply Linde's Otis, KS plant with a significant volume of
Helium," Horn said.

Helium is critical to the manufacture of semiconductors, LCD screens, fiber
optic cable and MRI scanners. Linde refines helium that comes from the Federal
Helium Reserve and provides it to high-tech manufacturers, a wide range of
healthcare and industrial customers as well as government agencies, under the
federal In Kind program.

"I congratulate the Senators and Representatives who worked so hard to get
this bill over the finish line," said Michael McGowan, head of Government
Affairs. "Continuation of the program is critically important to the economy
because it injects market forces into the helium program, while at the same
time maintaining the stability and certainty that a variety of industries
depend on."

The legislation authorizes BLM to gradually phase in an auction process for
the sale of federal helium and institute a number of other reforms to the
long-running program. Nick Haines, Linde's head of Helium Source Development,
said, "Phasing in the auction will ensure that the government receives fair
market prices for helium while preventing market disruptions in existing
supply chains. Gradually phasing in an auction of the federal helium will
attract bidders, will establish a market price, and, just as importantly, will
help discourage hoarding, speculation, and other disruptive behaviors that
occur in unpredictable markets."

Linde North America is a member of The Linde Group, a world-leading gases and
engineering company with around 62,000 employees in more than 100 countries
worldwide. In the 2012 financial year, Linde generated revenue of EUR 15.280
bn (USD 19.9 bn). The strategy of the Group is geared towards long-term
profitable growth and focuses on the expansion of its international business
with forward-looking products and services. Linde acts responsibly towards its
shareholders, business partners, employees, society and the environment – in
every one of its business areas, regions and locations across the globe. The
company is committed to technologies and products that unite the goals of
customer value and sustainable development.

For more information, visit www.lindeus.com

SOURCE Linde North America

Website: http://www.lindeus.com
Contact: Amy Ficon, Linde corporate communications, 908-771-1491,
amy.ficon@linde.com
 
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