The carbon dioxide market is accelerating development and the market is relatively fragmented

The chemical formula of carbon dioxide is CO2. It is a naturally occurring compound. It is composed of one carbon atom and two oxygen atoms. The carbon atom and the two oxygen atoms are combined by a covalent double bond. It is a colorless and odorless gas at normal temperature and pressure. , slightly soluble in water, forming carbonic acid.

According to the form of carbon dioxide products, carbon dioxide can be divided into gaseous carbon dioxide, liquid carbon dioxide and solid carbon dioxide. Among them, solid carbon dioxide, commonly known as dry ice, is formed by liquefying carbon dioxide into a colorless liquid and then rapidly solidifying under low pressure; liquid carbon dioxide is formed by liquefying carbon dioxide gas into a liquid form under high pressure and low temperature, which can be used as a refrigerant. It preserves food and creates artificial rainfall. At the same time, liquid carbon dioxide is also an industrial raw material and can be used to produce soda ash, urea and other products; gas carbon dioxide is a common greenhouse gas and one of the components of air.

Carbon dioxide can be widely used in many fields such as food and beverage, mechanical processing, petrochemical industry, electronics industry, etc., and with the development of various fields, the demand for carbon dioxide continues to grow. According to the “2023-2027 Carbon Dioxide Industry In-depth Market Research and Investment Strategy Suggestions Report released by the Industrial Research Center, in 2022 China The demand for carbon dioxide is close to 10 million tons.

Carbon dioxide is not easy to transport over long distances. Therefore, for carbon dioxide companies, there is usually a certain service radius. Beyond this radius, the competitive advantage will be lost due to high freight costs, which to a large extent limits the scale of operations of carbon dioxide companies.

At present, the representative enterprises of liquid carbon dioxide in my country include Hunan Kemet Gas Co., Ltd., Henan Xinlianxin Cryogenic Energy Co., Ltd., Chongqing Tonghui Gas Co., Ltd., Anhui Liuguo Chemical Industry Co., Ltd., etc.
             
There are two main sources of carbon dioxide: one is waste gas recycling, and the other is gas field mining. Waste gas recovery is the most important way for carbon dioxide in my country. Ammonia plants, hydrogen production plants, petrochemical companies, and blast furnace ironmaking companies can all use local materials to produce carbon dioxide. Therefore, there are many production companies in my country’s carbon dioxide industry, and the industry market concentration is low.

With the development of my country’s economy and the increasing use of fossil fuels, my country has become a major carbon dioxide emitter. Industry analysts said that with the implementation of the “carbon peak” and “carbon neutrality” strategies, upstream petroleum refining, etc. Enterprises will vigorously develop clean production and need to treat waste gas to achieve emission reduction. They will strengthen cooperation with enterprises that specialize in treating carbon dioxide tail gas and realize the capture and utilization of tail gas such as carbon dioxide raw materials, which will bring more development opportunities to related companies.