Stock Groups

UK could provide financial support to CO2 producer By Reuters


© Reuters. General view of the CF Industries plant at Billingham, UK on September 20, 2021. REUTERS/Lee Smith

LONDON (Reuters) – Britain could look at providing some kind of economic support for the U.S. company that provides 60% of its carbon dioxide, CF Industries (NYSE:), after it was hit by the surge in gas prices, business minister Kwasi Kwarteng said on Tuesday.

CF has stopped operations in two British plants that make CO2, as a side effect of its primary business which is fertiliser production.

Tony Will, the chief of CF met Kwarteng on Sunday. Times Radio asked Kwarteng if there was a way to fix the problem without the government offering financial assistance. Other sources of CO2 need to be explored.

The finance minister had also been informed by him that the topic was being discussed on Monday.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. CFDs are stocks, indexes or futures. The prices of Forex and CFDs are not supplied by exchanges. Instead, they are determined by marketmakers. As such, the prices might not reflect market conditions and could be incorrect. Fusion Media is not responsible for trading losses that may be incurred as a consequence of the use of this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.



Mike Robinson
Mike covers the financial, utilities and biotechnology sectors for Street Register. He has been writing about investment and personal finance topics for almost 12 years. Mike has an MBA in Finance from Wake Forest University.