Special Report-Why Is Britain Afraid of a CO2 Shortage?

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.

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Need to access the insight?

Start your 7-day free trial now

Do you need to access special insights on this matter?

Start your 7-day free trial  and become a member today

Get your daily Business Brief

Subscribe free to Business Brief

Business Brief delivers the latest insights straight to your inbox

You'll get daily industry insights on

Energy, Cleantech, Oil & Gas, Mining, Defense, Aviation, Construction, Transportation, Online Retail, Bigtech, Finance and Politics of Business

By clicking subscribe you agree to our privacy and cookie policy and terms and conditions of use.

Read more insights

Fiji Joins IPEF, Hinders China’s Pacific Islands Cooperation Scheme

The White House announced on Tuesday that Fiji was joining the U.S. led Indo-Pacific Economic Framework (IPEF) amid China’s e-growing influence in the region. Fiji becomes the first Pacific island nation in the framework. 

U.S. Set to Restart Manganese Mining After Decades Amid Growing Demand

Australian miner South32 aims to accelerate development of the first new U.S. manganese mine for decades as EV makers race to secure supplies of the metal used in electric vehicle (EV) batteries. The company said the automakers were keen to acquire manganese from its Clark Deposit in Arizona, which would become the only source of the metal. The company acknowledges that it could become a challenge to supply it quickly enough. 

Saudi Arabia Invites Australia to Invest in Its $170 Billion Mining Plan

Saudi Arabia’s Minister of Industry and Mineral Resources Al-Khorayef said Australian miners should “come, explore, do mining — the same as they are doing here” during his visit in Australia, as the kingdom is looking for investment from Australian miners to support its $170 billion plan to develop mining industry as part of efforts to diversify oil-dependent economy. Saudi Arabia says it holds $1.3 trillion worth of untapped mineral resources, including copper, zinc, phosphates and gold. 

Stay informed

error: This content is protected !!