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Need For Dry Ice Means Cold Cash For Loveland Company

Cold Jet says it is the worldwide leader in the manufacturing of dry ice production.
Cold Jet
Cold Jet says it is the worldwide leader in the manufacturing of dry ice production.

Dry ice is essential for the transportation and preservation of a cold COVID vaccine, like Pfizer's. A local company that makes dry ice machines is now seeing skyrocketing sales.

Like so many other businesses, Loveland's Cold Jet had a slowdown this spring.

"As the expression goes for those of us who are older, the phone rang... and we have facilities in Belgium, Germany and here," says CEO Gene Cooke.

Dry ice is made from liquid CO2.
Credit Cold Jet
Dry ice is made from liquid CO2.

Cooke's company is now going non-stop with $70 million in sales this year, a 200% increase from 2019. "So, we went from zero to 100, so to speak, in the period between July and it continues today."

Who Are His Customers?

Here are some of them:

  • vaccine manufacturers
  • transportation companies like UPS, FedEx, DHL
  • Kroger Little Clinics
  • Indiana Dept. of Corrections (a partner for vaccine distribution)

The Indiana Department of Corrections paid Cold Jet $100,000 for dry ice machines, while it cost vaccine manufacturers more than $1 million because of the increased volume and automation.

Cooke is up for the job saying, "The vaccine roll-out is in front of us, not behind us."

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With more than 30 years of journalism experience in the Greater Cincinnati market, Ann Thompson brings a wealth of knowledge and expertise to her reporting. She has reported for WKRC, WCKY, WHIO-TV, Metro Networks and CBS/ABC Radio. Her work has been recognized by the Associated Press and the Society of Professional Journalists. In 2019 and 2011 A-P named her “Best Reporter” for large market radio in Ohio. She has won awards from the Association of Women in Communications and the Alliance for Women in Media. Ann reports regularly on science and technology in Focus on Technology.