Finance
UK could provide financial support to CO2 producer
Published by maria gbaf
Posted on September 21, 2021
1 min readLast updated: February 4, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on September 21, 2021
1 min readLast updated: February 4, 2026
The UK may support CF Industries financially after gas price hikes halted its CO2 production. Business minister Kwasi Kwarteng explores options.
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, after it was hit by the surge in gas prices, business minister Kwasi Kwarteng said on Tuesday.
CF has halted its operations at two plants in Britain that produce CO2 as a byproduct of its main business, producing fertiliser.
Kwarteng met Tony Will, the head of CF, on Sunday. Asked by Times Radio if any solution would involve the government giving financial support to get the system working again, he replied: “It may do but there are other options on the table. We need to look at other sources of CO2 supply.”
He added that he had discussed the issue with the finance minister on Monday.
(Reporting by Kate Holton; editing by Guy Faulconbridge)
The UK government is considering financial support for CO2 producer CF Industries due to the impact of rising gas prices.
CF Industries halted operations at two UK plants due to a surge in gas prices affecting their production.
The UK government is looking at other sources of CO2 supply as part of the solution.
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