Within the US merchant carbon dioxide (CO2) market, changes to patterns in CO2 sourcing and changes in demand regionally, continued to reshape the business in 2019 as they have over the past decade. The CO2 business is comprised of industrial gas companies and specialised CO2 producers and distributors which supply merchant liquid and dry ice to a wide variety of CO2 markets including food, welding and cutting, and oil and gas. US merchant CO2 represents about $1.5bn in sales per year.
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