Air Liquide’s leadership sees “a very significant market opportunity” in carbon dioxide, but mainly in taking CO2 out of existing manufacturing sites rather than in CO2 transport and storage.
At Air Liquide’s full-year earnings call this week, CEO François Jackow said “the topic of taking the CO2 out of the existing manufacturing sites is becoming more and more present, and is being more and more accepted, especially in … European countries.”
Jackow said the industrial gases major saw an opportunity for the sale of equipment to an engineering business but also flowing from the trading of carbon emissions allowances, as heavy industry starts to document and track its carbon capture and utilisation.
But Jackow was the clear that the opportunity for Air Liquide does not really extend into moving or storing CO2.
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