1. Some of the CO2 dissolves directly into the plasma
2. Some of the CO2 diffuses directly into the erythrocyte
3. 10-20% of the CO2 combines with haemoglobin to make carbamino-haemoglobin
4. 75-85% of CO2 molecules react with H2O to form carbonic acid, reaction catalysed by carbonic anhydrase
5. Carbonic acid then dissociates into hydrogencarbonate ions and hydrogen ions
6. Hydrogencarbonate ions actively transported out of RBC by a transporter protein
7. Chloride ions transported into the cell to maintain electrical balance