As I have written a couple of times in the last 12 months, carbon dioxide (CO2) has been firmly moving from a cool subject to a hot topic in recent years. So long the poor relation in the mainstream press for its negative environmental connotations, CO2 is becoming the lead protagonist in a number of fundamental applications that benefit us all.
From drinks carbonation and food chilling and freezing, to water treatment, dry ice blasting, and manufacturing, CO2 is not just a product in demand, but a by-product in demand too. Growing environmental and climate change pressures are prompting many companies to look for alternative ways of meeting demand for CO2 without generating new streams of this gas. Recycling is an increasingly popular solution – and a highly attractive one given that this gas widely occurs as a by-product of many industrial processes.
This is part of the reason for what has been a proliferation in mergers and acquisitions (M&A) activity in the global CO2 business in the last decade, and the last half-decade in particular. The CO2 business is arguably more consolidated than ever before, demonstrating the demand (and future opportunities) for a gas that has become something of a cover star.
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