As industry steeled itself at the prospect of yet another stranglehold on the national supply of carbon dioxide (CO2), the UK Government’s Department for Business, Energy & Industrial Strategy has announced today (1st February) that the CO2 industry has ‘come to an agreement’ to ensure UK businesses have access to a sustainable supply of the essential gas.
The deal comes after months of uncertainty last year (2021) culminated in a three-month price-fixing agreement put together by the UK CO2 industry and the Government following the closure of two major CO2 production facilities.
Nationwide concerns over CO2 supply were widespread after a spike in natural gas prices caused the UK’s main CO2 supplier, CF Fertilisers (CFF) – subsidiary of CF Industries (CF), to cease operations at two of its Teesside plants.
With the price-fixing agreement scheduled to end yesterday (31st January) industry speculated upon the possibility of further Government intervention.
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