Special Report-Why Is Britain Afraid of a CO2 Shortage?
- September 22, 2021
- Posted by: Quatro Strategies
- Category: Manufacturing
Britain has made a deal with a major producer of fertilizer and CO2 to restart production in two plants which had to stop operations because of soaring natural gas prices. The closures had created fear that several food and drink producers could shut down manufacturing in the coming days.
The food and drink industry, particularly producers of beer and soft drinks and meat, are the biggest customers of CO2. The gas also has applications in medicine, and nuclear industry uses it as a cooling agent.
CO2 is a by-product in fertilizer and biofuel production. CF Fertilizers UK’s two plants in England are the largest sources of CO2 in the country. Industrial gas companies buy the CO2 from fertilizer producers and purify it before selling it to consumers.
After CF Fertilizer haletd prodcution in its two factories due to high natural gas prices, there has been fears of a CO2 shortage. As the biggest CO2 producer, CF’s decision removed a big amount of supply from the market. Since many consumers of CO2 have reserves to last only a few days, the probable shortage brought worries that many key industries could be affected.
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