The sourcing issues that continually affect the merchant carbon dioxide (CO2) business, and especially in the context of the federal government’s push toward carbon capture and sequestration (CCS) using tax credits, needs to be well-managed by end-users and suppliers of carbon dioxide (CO2) in the years ahead.
The time to take action to mitigate potential future disruptions is now, rather than when operations and supply chains are suddenly interrupted due to unplanned events.
With demand growth anticipated at 2% to 3% and not enough new sources coming online to support that growth, purposefully conserving CO2 use, finding or fixing leaking systems, or switching cryogen products should be looked at now. Maintaining and improving current processing-system efficiency, investment in recycle systems, or investment in alternative processing equipment should all be investigated.
2022 was a year marked by the worst shortage experienced by the US CO2 industry. It took the market by surprise but should not have.
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