The carbon dioxide (CO2) industry expands organically, at around 3% annually in some markets. The best way to grow more rapidly in the industry is via the development and implementation of new and unique applications in a wide variety of markets.
CO2 applications, of a traditional nature, are tried and true, such as many uses in food processing, beverage carbonation, and a range of industrial uses. On the other hand, new and green and often cryogenic applications help sustain the industry.
As for new or newer applications for the product, most of these are of an industrial nature, generally outside of the food and beverage demands. Food and beverage applications often account for 70% of all tonnage consumed in the merchant sector. There are also demands of a captive and sequestration nature, which in my view, are generally categorised outside of the merchant markets, such as large EOR (enhanced oil recovery) usage. There are many conceptual ideas for the application of CO2 in industry, many of which have a green take, a form of sequestering CO2 molecules in everyday products. There are other applications, which are relatively new to the industry, which are being applied and expanded in the markets, such as concrete dosing.
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