Brad Dunn, Executive Vice-President of CK Supply, this morning told GAWDA Spring Management Conference (SMC) attendees that “allocations, surcharges and delivery delays may become more common in the carbon dioxide (CO2) market, and that opportunity is going to exceed supply.”
Across the US, CO2 has long remained a hot topic amidst various strains and shortages and, whilst it’s almost impossible to predict what is going to happen in the future, this morning’s sessions highlighted there are still uncertainties in the market.
Outlining demand in the US CO2 market right now, Dunn highlighted that the sector currently represents 11% of industrial gas revenues, according to Intelligas Consulting. As it stands, the food and beverage market is the largest consumer of CO2 and takes up 70% of the market demand, 30% being for other applications.
When it comes to the dominating players in the CO2 market, Dunn told attendees that Linde, Air Liquide and Messer are the top three producers. Speaking on supply and demand, he said, “There is as much capacity as there are people that are wanting CO2, but that’s if everything goes perfectly, which it doesn’t.”
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