Tightness in the North American carbon dioxide market is expected in 2026 due to several scheduled plant closures and slow progress in bringing new capacity online.
This outlook was shared by Maura Garvey, President of Intelligas Consulting, and Bruce Woerner of Woerner CO₂ Consulting, during gasworld’s North American CO2 Summit.
Woerner said this trend will particularly affect California, where four ethanol plants closed last year and two more refineries are scheduled to close within the next 12 months.
“If both of those refineries close, it’s 20% of the state’s refinery capacity – and also 20% of CO2 capacity in the state,” Woerner said.
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