Graham Corporation has announced its plans to establish a new cryogenic propellant testing facility in Florida, set to be operational by mid-2025. This facility will cater to the testing of liquid hydrogen, liquid oxygen, and liquid methane under various conditions, including pressurized, sub-cooled, or saturated. The expansion of capabilities in cryogenic propellant testing is aimed at better supporting current and future customer programs in sectors such as space, defense, new energy, and potential applications in the medical field. The President and CEO of Graham Corporation, Dan Thoren, expressed that this investment demonstrates their commitment to providing innovative and accessible testing solutions to customers. The facility is expected to offer a cash payback period of around two to three years, with an internal rate of return exceeding 20%, indicating a strategic move by the company. Cryogenic propellants, such as liquid hydrogen and liquid oxygen, are crucial components in space exploration, powering rockets and satellites due to their ability to remain in a liquid state at extremely low temperatures. The article also mentions the upcoming Specialty Gas Summit 2025, an industry event focusing on specialty gases, which will gather key stakeholders and experts to discuss market trends, innovations, and challenges in the sector.