The market for the CO2 captured is expected to remain stable in the EU due to the following factors:
- The CO2 produced in the ethanol industry, once purified, has characteristics of Food/Beverage grade CO2, and meets the demands of the beverage industry and the food industry, mainly of frozen food. It is also used to improve crops in greenhouses, and can also be used in other industrial uses.
- The demand for CO2 is expected to grow slightly in Europe, with Spain and France being large producers and consumers and the CO2 market has a markedly local character.
- It is currently one of the most efficient and economical processes of food grade CO2 production, so the CO2 produced via fermentation is of renewable origin has a representative market share of approximately 25% and growing as it is positioned to replace more and more petroleum based CO2.