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Replies to post #117 on JohnCM Investment Corner
Pfizer plans to ship up to 1.3 billion doses next year, requiring a lot of dry ice (carbon dioxide in solid form at around -78 degrees Celsius), and a lot of isothermic boxes. The boxes will hold up to 975 vials (4,875 doses) and can be refilled with dry ice for up to 15 days of storage.
Pfizer is testing the supply chain in four US states. Its CEO, Albert Bourla, said Wednesday he has "zero concerns" about the cold chain requirements.
But shipping such a vaccine can pose big challenges. Dr. Jarbas Barbosa, assistant director of the Pan American Health Organization, told CNN that "the rural and the urban areas in any country in the world are not ready to manage this vaccine today."
"So, who is prepared in the world? No one."
One issue is the availability of dry ice.
The Compressed Gas Association says carbon dioxide production capacity in the US and Canada is about 30,000 tons a day and is confident its members can meet demand for dry ice. It says that vaccine supply-chain officials believe less than 5% of dry ice production will be needed to support ultra-cold storage of Covid-19 vaccines in the United States and Canada.
Others in the industry expect bottlenecks. Several dry ice producers in the US told CNN they've already had offers for their entire output. Buddy Collen at Reliant and Pacific Dry Ice told online publication GasWorld: "We are in scramble mode trying to manipulate our production plants."
Sam Rushing, president of Florida-based Advanced Cryogenics, told CNN there are already regional shortages in the US.
The main problem, Rushing says, is fewer vehicles on the road during the pandemic, meaning lower production of ethanol, from which carbon dioxide is a byproduct. European ethanol production has also fallen sharply this year.
US officials are confident enough dry ice will be available. Paul Ostrowski, director of supply, production and distribution for Operation Warp Speed, told CNN last week that courier UPS had pledged to "provide dry ice reshipments throughout all of America upon demand."
There are a few public dry ice companies that can be great opportunities for investors seeking hot pandemic plays right now. Options include Linde, whose stock trades on the NYSE under “LIN” symbol, and Air Products and Chemicals, whose stock trades on the NYSE under “APD” symbol.
The other dry ice stock you may look at is France-based Air Liquide, whose stock trades over-the-counter under “AIQUY” symbol.
