According to the "China Carbon Dioxide Industry Market Research and Investment Evaluation Report (2024 Edition)" released by Limu Information Consulting, the upstream of carbon dioxide is tail gas ** and oil field exploitation, and carbon dioxide is a colorless and slightly sour gas at room temperature and pressure, with high thermal stability and acidic oxide. According to the purity and use of the product, carbon dioxide can be divided into: industrial grade carbon dioxide and food grade carbon dioxide.
In China, about 61% of carbon dioxide is used in refrigeration, preservation, tobacco puffing, carbonated beverages and beer. In addition, carbon dioxide is also widely used in oil production, metal processing and welding protection, machinery manufacturing, artificial rainfall, fire protection, papermaking, medical and health care, laser technology, nuclear industry and many other fields.
The content of carbon dioxide in the air is low, compared with the high-cost air separation method, the production of industrial gas generally adopts the method of industrial waste gas and tail gas for the production of carbon dioxide, so a stable gas source is one of the key points of competition for carbon dioxide production enterprises.
The main design institutes of carbon dioxide include Guangming Chemical Research and Design Institute and Southwest Chemical Research and Design Institute. The main carbon dioxide production enterprises include Nanjing Special Gas Plant Co., Ltd., Hunan Kaimeite Gas Co., Ltd., Jinhong Gas Co., Ltd., Hubei Heyuan Gas Co., Ltd. and Tianjin Lianbo Chemical Co., Ltd. ***.
There are many carbon dioxide manufacturers in China, and the market competition is fierce. Under the influence of the dual carbon policy, since 2021, some production enterprises have successively invested in the construction of carbon dioxide ** devices to achieve the goal of carbon neutrality, which has further driven the growth of carbon dioxide production capacity.
China's apparent CO2 consumption in 2022 was 96830,000 tons, a year-on-year increase of 92%；China's apparent carbon dioxide consumption in 2023 is 93000,000 tons, a year-on-year increase of 319%。
In 2022, China's carbon dioxide market will run weakly, and many markets will refresh new lows in recent years, with the annual average price of carbon dioxide market being 371 yuan tons, down 12% year-on-year75%, a decrease of 1335%。In 2023, the average price of carbon dioxide in the country will exceed 3 year-on-year35%, the annual average price of the market is 383 yuan ton.
Carbon dioxide capture is a way to reduce carbon emissions, and carbon emission enterprises such as power and cement plants will also be the key industries for carbon dioxide capture and utilization, and China's carbon dioxide end may be more diversified in the future. In addition to the steady growth of traditional welding and carbonated beverage demand, there is more and more demand in other fields such as well injection, chemical synthesis and cold chain transportation.