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

Rhea-AI Summary

Caliche Development Partners has launched operations of the world's largest helium storage cavern in partnership with Linde (NASDAQ: LIN) at its Golden Triangle Storage complex in Beaumont, Texas. The facility, with a capacity of over three billion cubic feet, represents the third helium storage cavern globally and the second in the United States.

The project created approximately 65 construction jobs and two permanent positions. The facility aims to serve critical industries including aerospace, electronics, healthcare, and manufacturing. The development is backed by Sixth Street and marks Caliche's third cavern at the Golden Triangle Storage complex.

Positive

• None.

Negative

• Limited job creation with only 2 permanent positions
• High concentration risk with single storage facility

News Market Reaction – LIN

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HOUSTON, July 30, 2025 /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 Caliche
Caliche, 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

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SOURCE Caliche Development Partners III

FAQ

What is the capacity of Linde's new helium storage cavern in Beaumont, TX?

The helium storage cavern has a capacity of over three billion cubic feet, making it the world's largest helium storage facility.

How many jobs did the Linde helium storage project create in Beaumont?

The project created approximately 65 jobs during construction and resulted in two full-time permanent positions.

Where is Linde's new helium storage facility located?

The helium storage facility is located at the Golden Triangle Storage (GTS) complex in Beaumont, Texas.

Which industries will benefit from Linde's new helium storage facility?

The facility will serve vital industries including aerospace, electronics, healthcare, and manufacturing.

How many helium storage caverns are there in the world now?

This is the third helium storage cavern in the world and the second in the United States.