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Showing posts with the label Carbon Dioxide

Good Growth Opportunities in Global Carbon Dioxide Market Till 2025

Increasing applications of enhanced oil recovery (EOR) technology, owing to rising crude oil demand and number of mature wells is anticipated to fuel the market growth over the next nine years. The Global Carbon Dioxide Market size is expected to reach USD 8.6 billion by 2025, according to a new report by Grand View Research, Inc. Carbon dioxide is a high profile greenhouse gas. However, the excessive amount of CO2 is being dumped into the atmosphere from past few years due to the growth in industrialization. This has resulted in global warming, suffocation of living organisms, and various other health related problems which becomes toxic and harmful to humans. To control and regulate the emission from CO2 in the atmosphere, government across the globe have formed various regulations such as Directive 2009/31/EC and Carbon Pollution Standard for new, modified and reconstructed power plants. These regulations have formulated specific rules for the storage, transport, usage an...