“CO2 capacity growth of 0.7% per year is not keeping up with demand growth. That’s what gasworld CO2Summit delegates have heard this morning from Maura D. Garvey, Director of Intelligas Consulting, here in Chicago.
More than 210 delegates have travelled from 16 different countries to hear insights on demand drivers and delivery within the carbon dioxide (CO2) market, at a time where shortage and supply news continues to hit headlines both in the US and in Europe.
“CO2 represents 11% of the overall US industrial gas business and demand currently sits at approximately 10.3 million tonnes per year,” Garvey told attendees. “This demand is estimated to grow at 2.0% per year to 12.2 million tonnes per year, but to support demand growth, a minimum of five 400 tonnes per day plants need to be added by the year 2027.”
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