As more CO2 producers begin to favour sequestration over supplying merchant CO2 for utilisation, those customers unable to find alternatives face the prospect of paying much more for CO2 in the years ahead.
The warning comes from Bruce Woerner of Woerner CO2 Consulting, who sat down with gasworld to discuss the change in dynamics of the US marketplace.
“Supply in the industrial CO2 market is diminishing,” said Woerner. “We heard earlier this year, at gasworld’s CO2 Summit in Nashville, that there could be a potential 33% decrease in merchant supply over the next decade.”
Woerner said this fall-off would inevitably impact pricing and the way people do business in the future.
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