CO2 - an Important and Valuable Chemical for the Manufacturing Industry
CO2 - An Important and Valuable Chemical for the Manufacturing Industry
As the Power industry struggles to justify the economics of meeting the EPA regulations and stay in the business, this work examines one possible alternative to justify the business decision. It is known that the Power industry is exploring ways to minimize the carbon emission by changing the mode of operation or the feedstock for the energy generation at a cost, but, evaluating current set up while developing attractive revenue stream may help the company optimize the investment.
While it is realized that CO2 is both high profile greenhouse gas and a valuable market commodity, there is potential to benefit from CO2 capture. This study looks into making CO2 a valuable product that can generate attractive revenue and enjoy the economic benefits. The current CO2 market is served by complex supply chain, where the current suppliers produce crude CO2, purify it to liquid and deliver to the distributors and the end users. Per 2014 data for US, out of 40,000 tpd of CO2 produced in US, it was by Ethanol plants (36%), H2 refining operation (21%), Ammonia plants (20%), Wells (19%) and other sources (4%) and hardly any CO2 supplied by the power industry.
CO2 has found excellent use as a valuable chemical in the manufacturing industry such as food processing – preservation & packaging industry, Enhanced Oil Recovery, Urea fertilizer production, Beverage carbonation, coffee decaffeination, Pharmaceuticals and medicine, Horticulture, Fire suppressant, in welding industry & laser production, for plants health, as refrigerant, as neutralizer in alkaline water, propellant for aerosol, , in metal industry, as fumigant to remove infestation. The food and USP grade CO2 has added value.
This work examines the US CO2 market and believes that making the valuable By Product Synergy ( BPS) of CO2 can generate good revenue stream and minimize the financial burden while meeting desired EPA requirements. While participating in CO2 market will require infrastructure and resources to penetrate the market once the product is made to meet the food grade or pharmaceutical grade quality specifications. The author examines key drives in different regions of the US and end users.