Britain warns food industry: Carbon dioxide prices will rise sharply

Wholesale gas prices have soared this year as economies reopened from COVID-19 lockdowns and high demand for liquefied natural gas in Asia pushed down supplies to Europe, leading to a shortage of carbon dioxide in the food industry.to restart production of carbon dioxide at two plants - one in Billingham and another in Cheshire - which were shut because they were unprofitable due to the spike in their biggest cost: gas prices.

He said the food industry would have to accept that the price of carbon dioxide would rise sharply, to around 1,000 pounds a tonne from 200 pounds a tonne. "So a big, sharp rise," Eustice said. Some of Britain's meat and poultry processors would have run out of CO2 - also used to put the fizz in beer, cider and soft drinks - within days, forcing them to halt production.

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