NPCS has been helping entrepreneurs, startups, MSMEs, and industrial investors since 1992 with detailed project reports, feasibility studies, market research, and business consulting services across 50+ industries.
Starting the production of liquid carbon dioxide (CO₂) has become a new lucrative opportunity for business-minded individuals focusing on the industrial gas production of liquid CO₂ by converting gaseous CO₂ into its liquid form after cool and compress gaseous CO₂. CO₂ gas has a wide range of applications in the chemical, food, beverage, pharmaceutical, oil and gas industries. Due to the increase in Global market liquid CO₂ production is certain to bring profits and therefore, are a sought after investment opportunity.
What Makes Starting Liquid CO₂ Production Worth It for Startups?
1. High & Varied Market Demand- Liquid carbon dioxide is industrially used to gas and preserve food. Liquid CO₂ is used for dry ice production and gas carbonation of beverages. CO₂ has wide ranging and important applications in the oil and gas industry in chemical and metallurgical processes including EOR. It has a long and established use in medicine for sterilization and for insufflation in minimally invasive surgery. Given the diverse industrial applications of liquid CO₂, there is favorable market circumstance for the liquid CO₂ production industry for new market entrants.
2. Sustainability Targets- Considering the high demand for liquid CO₂, it allows new market entrants to achieve their self-sustainability endeavors while transforming industrial CO2 emissions to liquid CO2. 'Sustainability through Capture' becomes the ultimate venture.
This can provide opportunities for government subsidies and financing for green and carbon-neutral policies that will ultimately increase profits.
3. High-export potential: Most of liquid CO2’s global demand comes from food processing. High purity liquid CO2 is becoming even more essential. There is also predicted continual market growth across Europe, North America, and Asia-Pacific. The global market has many import requesting nations that are export promising. The business prospects are long term. Startups can meet global food processing demands with product export.
Liquid CO2 Market Trends
It is predicted that liquid CO2 has a growing market shift from many applications and the current global focus of goal-oriented processes on sustainability. It is estimated that liquid CO2 will reach billions of revenue dollars and a good market foothold for the food and beverage sectors, as these are the primary end users. Most demand will come from the oil and gas sector, and the use of liquid CO2 will be for Enhanced Oil Recovery ( EOR) in mature oilfields.
Most of the market change will be due to the quick uptake of carbon CCU Integration. The growth in the use and demand for dry ice in realizations and the healthcare congestion market will shift to the transport trade of medicines and vaccines. There is a growing demand for liquid CO2 across the globe.
The Process of Producing Liquid Carbon Dioxide
Several stages go into the production of liquid carbon dioxide, beginning with capturing carbon dioxide gas. This gas can be sourced from industrial process flows, the natural process of fermentation, or the natural process of combustion. Once carbon dioxide gas is captured, it is sent through a filtering system for the particulates and other gaseous impurities to be removed.
With the gaseous impurities removed, CO₂ is purified and sent into the compressor. Inside the compressor, CO₂ gas becomes a high-pressure gas. This high-pressure gas is further cooled by a contributing system to the liquefaction temperature of approximately -56.6°C. The gas then liquefies and is sent to specialized storage tanks for future use and/or transport.
In order to meet the requirements for industrial use, liquid CO₂ may need to undergo further purification and drying prior to being released. The final product can be sold in bulk market containers or through tankers to various clients.
Revenuemaking Potential
The production of liquid carbon dioxide provides a method for generating a continuous and reliable revenue source. The market for liquid CO₂ has an established demand for numerous applications within food and beverage, chemicals and healthcare industries, and for enhanced oil recovery. Therefore, the production of liquid CO₂ is marketable and highly competitive both nationally and internationally. The main strengths of the market, in which these businesses can be financed, are a high demand and potential for exporting, a consistent operation basis, and highly profitable production offers.
| Plant capacity | Plant & machinery | Working capital | Cost of Project | T.C.I | Return | Break even |
|---|---|---|---|---|---|---|
| Liquid Carbon Dioxide (LCO2): 480 MT per day | 9000 | N/A | 12900 | 25 | 53 |
Entrepreneur India, an Industrial monthly magazine on industrial development, technologies & project opportunities aims at simplifying the process of choosing the suitable project for investment.
Entrepreneur India - Copyright 2017-. All rights reserved.
