Carbon Capture – Everything You Need to Know About the CO2 Business in 2017

Based upon my estimates today, the US CO2 market may approach around 9.8 million short tons of utilisation this year, with most sectors essentially following the relative growth (or shortfall) within the corresponding markets of the sectors they serve. Globally, this merchant market total is over 20 million tons annually.

In terms of specific end-user markets, food processing is resilient and growing, while enhanced oil recovery (EOR) is generally hoping for growth, however, looking for prices to at least exceed $60/barrel; coupled with a strong sense of sustainability to develop significant new ventures. Oil today is well supplied, so EOR may not play out in the near future…