There’s never been a better time to be in the CO2 (carbon dioxide) business. Traditional uses for CO2 are growing and evolving. New applications are constantly emerging, whether in its gaseous or liquid state, or as dry ice. New opportunities in capture and utilization are in the spotlight like never before. And there’s still so much growth potential to be unlocked.
These are global trends and technologies across the CO2 business, and they’re playing out on the biggest stage of all here in North America.
With such enormous demand, there’s a challenge to be met in supply, safety and equipment. The industry has to ensure supply doesn’t get stuck behind the eight ball when there’s rapidly growing uses and opportunities to be met. There are also many questions to be answered, not least the impact of 45Q, the US tax regulation introduced to incentivize the sequestration of CO2 – but at what cost? Will 45Q see the diversion of all commercial CO2 into sequestration, at the expense of capturing, purifying, reliquefying and utilizing at the source where it’s needed?
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