Ninox – better air for better care
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Variety of Gases & Key Applications
Gas Type
Purity
Main application
iNO
(40-800 ppm NO)
(40-800 ppm NO)
>99.999%
Used in medical applications such as treatment for pulmonary hypertension and acute respiratory distress syndrome (ARDS) in newborns.
Ultra pure N2
>99.9999%
Used in microelectronics, chromatography, pharmaceutical production, blanketing and as a carrier gas in medical devices.
O2
>93%
Used as medical oxygen (during the downtime of the main system).
Medical Air
>99.999%
Used as a source of ultra-pure medical air.
NO 0.5% + N2 (microel. grade)
>99.9999%
Used in semiconductor manufacturing for oxidation and nitridation processes in microelectronics.
NO2 (2),(4)
>90%
Used in semiconductor manufacturing for oxidation and nitridation processes in microelectronics.
Gas Type
Sys. Capacity (m3/hr)
8
15
100
Number of 10 L cylinders per day
8
15
100
iNO
(800 ppm NO)
(800 ppm NO)
7-10
10-20
50-120
40-57
57-113
283-680
Ultra pure N2 (1)
7-10
10-20
50-120
40-57
57-113
283-680
O2 (1)
7-10
10-20
50-120
40-57
57-113
283-680
Medical Air (1)
7-10
10-20
50-120
40-57
57-113
283-680
NO 0.5% + N2 (1) (microel. grade)
1-2
2-4
10-24
5-11
11-22
54-130
NO2 (4)
0.005-0.01
0.01-0.02
0.05-0.12
-
-
-
O2, NO, Medical Air, NO2 , are not included in the analysis
(1) Required purity validation
(2) No competitive price compares to catalyst-based production but with advantage for mobile app.
(3) For 10 L cylinders at 150 bar. 1.5 hours heating time and 8.5 hours refilling mode time. Max operation time per day – 24 hours
(4) Required significant modifications
(2) No competitive price compares to catalyst-based production but with advantage for mobile app.
(3) For 10 L cylinders at 150 bar. 1.5 hours heating time and 8.5 hours refilling mode time. Max operation time per day – 24 hours
(4) Required significant modifications
Production Capacity
Type of gases & key applications
CanNO
Ninox is competative in iNO, N2
- No competitive advantage in selling oxygen & Medical air cylinders.
- Added value in having an installation capable of producing 4 type of gases, particularly beneficial in developing countries.
Market Price
Gas
Country ($/l)
Germany
Russia
Switzerland
Italy
Average
($/l)
($/l)
Ninox
($/l)
($/l)
Difference %
iNO
0,51
0,4
0,2
0,51
0,41
0,05
720
N2
0.10
0.01
0.07
0.1
0.07
0.037
89
O2
0.02
0.02199
0.2221
0.02222
0.02217
0.018
23
Medical Air
0.01
0.01
0.01
0.007
0.01
0.009
11
Average European Price Vs. Ninox l/$
European Market Price
European Market revenue for each gas in 2023
European Market share for each gas in 2023
O2
$1.25B
MA
$0.74B
N2
$0.47B
iNO
$0.2B
European Market Demand & Revenue
Market revenue share between 4 gases in 2023, % ($B)
Absolute values
O2
CAGR = 6,28
Medical Air
CAGR = 6,09
iNO
CAGR = 5,32
N2
CAGR = 5,69
Absolute values
Market volume share between 4 gases in 2023, % (billion liters)
O2
$1.25B
MA
$0.74B
N2
$0.47B
iNO
$0.2B
O2
55
MA
64
N2
4.8
iNO
0.4
European Market Demand & Revenue
European Market Revenue (mil $)
European Market Distribution (mil litters)
iNO
N2
We look forward to connecting with industrial partners, gas manufacturers, and hospitals to engage in deeper discussions about our technology and the possibilities for fruitful collaboration.
Contact us to learn how our impact-driven approach can make a real change.