Pulsar Helium Secured Rare Gas Plant Equipment
The firm committed to an $85.5 million equipment deal to scale helium and carbon dioxide production in Minnesota.
Updated on Oct. 12, 2026 in Quantum Computing
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Pulsar Helium Inc. has finalized a binding equipment-supply agreement with Chart Energy & Chemicals, Inc. to construct a purification and processing facility at its Rare Gas Hub in Minnesota. The project represents a significant capital commitment as the company advances its extraction infrastructure.
Why it matters
By prioritizing debt and public-sector financing over new equity, Pulsar Helium is attempting to minimize shareholder dilution while funding the high-cost infrastructure required for domestic rare gas production. This approach reflects the capital-intensive nature of building industrial-scale gas processing plants.
The secured facility features a nameplate liquefaction capacity of 861 liters of helium per hour and a CO2 processing capacity of 300 metric tonnes per day. This infrastructure requires a two-year manufacturing cycle following the payment of the project's second milestone.
The players
Pulsar Helium Inc.
An exploration and development company focused on helium assets and the construction of gas processing infrastructure.
Chart Energy & Chemicals, Inc.
A global provider of cryogenic and gas processing equipment used in industrial energy and chemical applications.
The details
The Rare Gas Hub will utilize specialized industrial systems designed to separate and refine helium and carbon dioxide from raw well-stream gas. Chart Energy & Chemicals, Inc. — a manufacturer of cryogenic and process equipment — will provide the hardware necessary for both helium liquefaction, the process of cooling gas into a liquid state for storage, and carbon dioxide purification. The company is coordinating with local lenders and government entities to finalize the funding needed to reach the project completion phase.
Timeline
October 1, 2026: Pulsar accepted the binding equipment-supply proposal.
October 12, 2026: The company released its updated development and financing strategy.
The Tech Race
Pulsar Helium is positioning its Rare Gas Hub to leverage government development grants alongside commercial debt, aligning with broader regional economic development initiatives. This strategy follows a pattern set by domestic resource projects that utilize public-private funding to bypass the volatile equity markets.
Construction of the facility remains dependent on the company finalizing its debt and public-sector financing commitments. Once fully operational, the plant will serve as a commercial hub for high-purity rare gases necessary for industrial and scientific applications.
The takeaway
The company faces a two-year manufacturing window for its plant equipment, making the successful closing of its debt financing rounds the primary constraint to watch. Investors should monitor future updates regarding commitments from University Bank and regional development agencies for proof of project solvency.
Further reading
For more on the state of the industry, read the latest analysis in Quantum Computing.
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