Within the US carbon dioxide market, changes to patterns in CO2 sourcing and changes in demand regionally continued to reshape the business in 2008 as they did in 2007. (See “The Carbon Dioxide Market Update — Bubbling with Energy Again This Year,” CGI, May 2008.)
The traditional US CO2 business is comprised of industrial gas companies and specialized CO2 producers and distributors that supply merchant liquid and dry ice to a wide variety of CO2 markets.
Supply of pipeline CO2 for the Enhanced Oil Recovery (EOR) market is provided by specialized oil patch companies like ExxonMobil and Kinder Morgan. Energy companies are now evaluating the feasibility of selling CO2 recovered from their gasification processes into the EOR market.
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