With respect to markets which have economic strength, coupled with positive CO2 growth opportunities, this would include the so-called ‘BRIC’ countries – those being Brazil, Russia, India, and China.
New CO2 plants are going into most of these countries, as well as other Asian countries over the next year ahead.
Furthermore, these countries are subject to CO2 market growth of up to 3%, or even greater; some indications of up to 5% per annum have been indicated for 2010 and into 2011 – this is non oil and gas usage.
Much of this strength is a function of new production rising from feed gas plants being expanded and changes in the industries and general manufacturing growth, for example.
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