A period of transition – so often a phrase used in sporting narrative or to describe the passage of time a team or club finds itself in. This is also an apt description of the North American industrial gases business in recent years.
A number of market dynamics have been driving change in the region, from a big shift in the merchant carbon dioxide (CO2) market to ongoing developments in the oil and gas industry.
The increased development of both shale gas and shale oil continues to bring the US closer to energy independence, as well as driving energy security, economic development and job creation throughout the country. Increased US production of natural gas is also boosting demand in a range of industrial gas consuming sectors.
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