Most common uses of CO2 Refrigeration and freezing in food processing and production Shield gas in welding applications to prevent weld oxidation pH balance in water treatment plants Fire suppression systems Plant growth stimulation in greenhouses Enhanced oil recovery of oil and gas wells
What’s showing to be a continued increase demand is the Plant growth stimulation, where in Australia more and more growers are reverting to High Tech greenhouses. This type of growing structure needs liquid CO2 supply as they are sealed structures so can not utilise the CO2 in ambient air. From memory a 10ha green house will require 3000tonnes CO2 per Annum. In winter they may use a by product from their heating systems (from burning of gas) however in summer they use liquid CO2, same grade that VEN have. Summer is the most active time for photosynthesis so more CO2 is required.
High tech green houses are increasing pretty much on a monthly bases in Aus and will continue at a fairly fast pace. We hope VEN can bring their supply to market soon to keep up with this growing demand.
VEN Price at posting:
5.9¢ Sentiment: Buy Disclosure: Held
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