TSX-V: CST
Making Carbon a New Economic Sector
QUEBEC CITY, May 16, 2017 /CNW Telbec/ - CO2 Solutions Inc (TSXV: CST) (the "Corporation"), world leader in enzyme-based CO2 capture today announced the composition of the scientific committee supporting the Valorisation Carbone Québec (VCQ) project. This committee will oversee the selection process of technologies to be part of the project and that will be demonstrated alongside CO2 Solutions' capture unit at the VCQ site in Montreal. The Corporation was able to assemble an exceptional group of reputable scientists from both the university and private sectors, with complimentary experience and skill sets to help drive the project. The committee members are:
| Santiago Faucher, PhD |
Global Director, Technology Development |
Hatch Ltd |
| Louis Fradette, PhD |
VCQ director Professor – Chemical engineering |
CO2 Solutions Inc. Polytechnique Montreal, Montreal |
| Faïçal Larachi, PhD |
Professor – Chemical engineering |
Laval University, Quebec |
| Manuele Margni, PhD |
Professor – Industrial engineering |
Polytechnique Montreal, Montreal |
| Philippe Tanguy, PhD |
VP R&D Partnerships |
Total SA, France |
The committee, which has already commenced its work, has made a preliminary assessment of technologies available, and has made its first recommendation for a CO2 reuse technology, a process to obtain acetic acid from captured CO2, which will be included in the project. A second promising conversion process is currently being reviewed by the committee. The committee's work will continue throughout the VCQ project, which is anticipated to run through to March 2019. Additional information will be provided once the terms of the related agreements with the various CO2 reuse partners providing the technologies to the VCQ project are finalized.
"With this committee in place and work started, the VCQ project is now advancing at full speed" stated Louis Fradette, Director of the VCQ project. "Our first month of activity has already produced significant progress, and our vision of creating the world's leading CO2 capture and reuse demonstration site is materializing. This will be the pad from which important CO2 capture and reuse projects and partnerships will be launched. The government of Quebec's vision to facilitate and fund such a ground-breaking project, we believe, has created a unique collaboration between the public and private sectors. The VCQ project is providing essential infrastructure to help accelerate the creation of a significant new sector for our economy."
About CO2 Solutions Inc.
CO2 Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution. CO2 Solutions' technology lowers the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU), positioning it as a viable CO2 mitigation tool, as well as enabling industry to derive profitable new products from these emissions. CO2 Solutions has built an extensive patent portfolio covering the use of carbonic anhydrase, or analogues thereof, for the efficient post-combustion capture of carbon dioxide with low‐energy aqueous solvents. Further information can be found at www.co2solutions.com.
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These statements relate to future events or CO2 Solutions' future economic performance and reflect the current assumptions and expectations of management. Certain unknown factors may affect the events, economic performance and results of operation described herein. CO2 Solutions undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
SOURCE CO2 Solutions Inc.
CO2 Solutions, Thom Skinner, 418-842-3456, ext. 223, [email protected]; TACT Intelligence Conseil, Marie-Ève Bédard, 418-572-1625, [email protected]; NATIONAL Equicom, Marc Lakmaaker, 416-848-1397, [email protected]
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