Special Demand from COVID-19 Vaccines... Chinese Dry Ice Equipment Company 'Full Operation'

Dry Ice Essential for Ultra-Low Temperature Vaccine Transport
Shortage Expected to Persist into First Half of Next Year

[Asia Economy Reporter Naju-seok] Due to the novel coronavirus disease (COVID-19) vaccines that must be transported in ultra-low temperature conditions, dry ice production factories in China have increased their output to maximum capacity. The boom in the related industry caused by dry ice supply shortages is expected to continue for some time.

According to the Global Times in China on the 14th, dry ice equipment manufacturers are operating their factory facilities at full capacity.

Pengyun Industry, a dry ice production equipment company located in Shanghai, has increased its exports to the United States by 10 to 20 times within just one year. In the past two months, they have been exporting up to 10 units per day.

Although the supply of equipment and other materials is increasing, demand is expected to grow even more significantly. Therefore, once vaccine distribution is in full swing, the dry ice shortage is predicted to worsen. Industry analysts suggest that this shortage will be difficult to resolve even in the first half of next year.

The Pfizer-BioNTech vaccine, which is currently attracting global attention, must be stored at temperatures below minus 70 degrees Celsius, while Moderna's vaccine requires storage below minus 20 degrees Celsius. Since these vaccines must be transported in ultra-low temperature conditions, the demand for dry ice necessary to maintain such temperatures is bound to surge dramatically.

In particular, Chinese companies are considered to have strong price competitiveness, with equipment production costs being only about one-quarter of those in the United States.

As vaccine demand continues to rise, Chinese companies anticipate that the prices of dry ice and dry ice manufacturing equipment will also show an upward trend.

This content was produced with the assistance of AI translation services.