If mergers and acquisitions (M&A) activity over the last 12 months is anything to go by, then the merchant carbon dioxide CO2 business has come through the economic slowdown with renewed interest.
Industrial gas players clearly see the growth potential in this fundamental product, which has been the subject of complex and challenging supply chains in recent years.
Supply in the global merchant CO2 market has traditionally been dominated by the large multinational gas firms but, following a trend for further consolidation in the US of late, this is now the case more than ever before.
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