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UK could provide financial support to CO2 producer By Reuters

by Mike Robinson

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© 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.

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