Air Water Carbonic

What Air Water Carbonic does

Air Water Carbonic operates as Air Water Green Design Inc. (エア・ウォーター・グリーンデザイン株式会社), a Japan-based, privately held industrial gas manufacturer established on April 1, 2024 as a wholly-owned subsidiary of Air Water Inc. (AWCI). The company produces and sells dry ice and liquefied carbon dioxide, alongside a portfolio of related materials, equipment, and food-grade CO2 additives. Its two primary product lines are carbon dioxide products (dry ice, liquid CO2, dry ice vest, blast cleaning machine, food additives, and handling equipment) and hydrogen-related products, anchored by a new hydrogen generation device branded VHR.

The company serves two principal customer segments: industrial customers using CO2 and dry ice for manufacturing, processing, and cleaning applications, and food industry customers using food-grade carbon dioxide for preservation and additives. Distribution runs through a domestic Japanese network of own sales locations and authorized sales agents, supplemented by a website inquiry and purchase channel. The business is positioned within the Air Water Group's carbon neutral market initiative, giving it brand, supply chain, and operational ties to a major Japanese industrial gas conglomerate.

Revenue mechanics appear to be primarily one-time product sales of physical gases and related equipment, with a January 2025 price revision on liquid CO2 and dry ice indicating active margin management in commodity supply. The company does not disclose revenue or ARR figures, and the absence of named enterprise customers, pricing detail, or international footprint suggests a distributed, mid-market industrial customer base served largely within Japan. Strategic direction is signaled by the VHR hydrogen device and carbon neutral framing, which extend the addressable market beyond legacy CO2 supply into decarbonization-adjacent industrial equipment.

Name

Air Water Carbonic

Legal name

エア・ウォーター・グリーンデザイン株式会社

Website

https://awci.co.jp

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

101–250 employees

Short description

Air Water Carbonic (Air Water Green Design Inc.) is a Japanese manufacturer of dry ice, liquefied carbon dioxide, and hydrogen generation equipment, serving industrial and food industry customers across Japan as a subsidiary of Air Water Inc.

Ownership category

akta.pro rank

Product category

Industrial Gas Manufacturing

NAICS

Industrial Gas Manufacturing (325120), Industrial Gas Manufacturing (32512)

SIC

Refrigeration & Service Industry Machinery (3580), Air-Cond & Warm Air Heatg Equip & Comm & Indl Refrig Equip (3585)

akta.pro primary industry

Food & Beverage Gases (Carbonation/Freezing/Packaging) (IMAEACAI)

akta.pro secondary industry

Hydrogen & Derivative Fuels for Industry (H₂, Ammonia, Methanol) (EUABAJAC)

Keywords

• Industrial gas manufacturing
• Dry ice production
• Liquid carbon dioxide supply
• Food grade CO2
• Hydrogen generation equipment

Headquarters

HQ city

Shimbashi

HQ country

Japan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Carbon Dioxide Products: Sales of dry ice, liquid carbon dioxide, and related materials and equipment. Price revision announcements indicate commercial sales of these products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Air Water Carbonic (operating as Air Water Green Design Inc.) manufactures and supplies dry ice, liquefied carbon dioxide (LCD), food-grade CO2 additives, and related equipment such as dry ice vests and blast cleaning machines. The company also markets hydrogen-related products, including the VHR new-generation hydrogen generation device, targeting the carbon neutral market in Japan.

Product overview

Air Water Green Design Co., Ltd. operates as a carbon-dioxide and hydrogen product company, organized into two primary product lines: (1) carbon-dioxide related products covering dry ice, liquid carbon dioxide gas (LCD), food additives, dry ice vests, blast cleaning machines, and related materials and equipment; and (2) hydrogen-related products anchored by the new VHR hydrogen generation device and other hydrogen offerings. The company also handles miscellaneous allied products. The portfolio spans from core industrial gases to consumer-adjacent products (dry ice vest) and specialized industrial equipment (blast cleaning machine), unified by the company's focus on carbon-neutral market solutions.

Differentiator

Problem solved

Functional benefit

Brands

• ドライアイスベスト (Dry Ice Vest): Protective vest product using dry ice for cooling applications.
• 新型水素発生装置(VHR)
• ブラスト洗浄機 (Blast Washer)

Products and services

• Dry Ice (ドライアイス)
• Liquid Carbon Dioxide Gas / LCD (液化炭酸ガス)
• Dry Ice Vest (ドライアイスベスト)
• Blast Cleaning Machine (ブラスト洗浄機)
• Related Materials and Equipment (関連資材・機器)
• Food Additives (食品添加物)
• New Hydrogen Generation Device VHR (新型水素発生装置 VHR)
• Other Hydrogen Products (その他水素製品)
• Other Handling Products (その他取扱商品)

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Air Water Inc. ( 에어・ウォーター Inc.)coreStrategic or Co-development Partner · 1 April 2024Air Water Green Design Corporation was established as a new company in April 2024 as part of Air Water Group's initiative to enter the carbon neutral market. The company operates under the Air Water Group umbrella and is linked via the group logo on the website.

Scale indicators1 record

Recent moves4 records

Expansion highlights4 records

Direct peers

• Iwatani Corporation: Major Japanese industrial gas and hydrogen distributor; directly competes in liquid CO2, dry ice, and hydrogen supply, with strong overlap in food-industry and industrial customer segments.
• Tomoe Shokai Co., Ltd. Specialized Japanese dry ice producer and distributor; directly competes in dry ice products, dry ice blast cleaning, and food-grade CO2 supply across Japan.
• Messer Japan (Messer SE & Co. KGaA): Subsidiary of global industrial gas specialist Messer; competes directly in CO2, dry ice, and specialty gas supply for Japanese industrial and food customers.

Broad incumbents

• Air Liquide Japan: Japanese arm of global industrial gas leader Air Liquide; competes in CO2 supply, hydrogen, and food/beverage gas applications across Japan's industrial base.
• Resonac Holdings (formerly Showa Denko): Japanese chemicals and industrial materials major with CO2 and hydrogen-related activities; overlaps with Air Water Green Design on industrial gas and decarbonization technology supply.
• Air Water Inc. Parent company and Japan's broader industrial gas major; comparable because Air Water Green Design is a wholly-owned subsidiary extending the group's CO2 and hydrogen portfolio, with overlapping customers in food, industrial, and decarbonization segments.
• Linde Japan (Linde plc): Japanese subsidiary of global industrial gas major Linde; competes across CO2, hydrogen, and food-grade gases and is a direct competitor in decarbonization and hydrogen projects in Japan.
• Taiyo Nippon Sanso Corporation (Nippon Sanso Holdings): One of Japan's largest industrial gas producers (part of Nippon Sanso Holdings group); directly competes in CO2, dry ice, hydrogen, and specialty gases for the same industrial and food-industry customers across Japan.

Regional players

• Taiyo Nippon Sanso (Dry Ice & CO2 Division competitors) - regional CO2 liquefaction peers: Smaller regional CO2 liquefaction and dry ice producers in Japan; directly comparable in product mix (dry ice, liquid CO2, food additives) but serve narrower geographies or local accounts.

Emerging players

• Kobe Steel / Kobelco Eco-Solutions: Japanese industrial group active in hydrogen and environmental solutions; overlaps with Air Water Green Design in hydrogen generation equipment and industrial decarbonization offerings.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Air Water Carbonic