TSXV: CST
QUEBEC CITY, Oct. 17, 2018 /CNW Telbec/ - CO2
Solutions Inc. (the "Corporation") (TSXV: CST) today provided an
update on progress in the Corporation's first commercial project
with Fibrek General Partnership, a subsidiary of Resolute Forest
Products Inc. (TSX: RFP) (NYSE: RFP), and Serres Toundra Inc. The
project entails the deployment of a 30-tonne per day (tpd)
CO2 capture unit and ancillary equipment at a pulp mill
in Saint-Félicien, Quebec and the
commercial reuse of the captured CO2 by the adjacent
Serres Toundra greenhouse facility.
On October 17, 2018, the absorber
and desorber columns, core elements of the capture unit, were
installed on site. This is a critical step towards the
commissioning of the capture unit which is planned for November
2018.
"It is exciting to witness the final phases of the construction
of this ground-breaking project, which is the fruit of hard work
and successful partnerships," stated Richard Surprenant, Chief Technology Officer of
CO2 Solutions. "The completion of the construction
signals the start of operations. We are eager to see our first
commercial plant in production. It will generate revenues, reduce
the pulp mill's CO2 emissions, accelerate the growth of
the greenhouse's vegetables and contribute in the fight against
climate change. An all-around win on many fronts!"
Following the commissioning of the
Saint-Félicien CO2 capture unit, there will be a
six-month demonstration period, after which the Corporation will
start generating revenues from the sale of the CO2. The
Saint-Félicien 30-tpd capture unit will be the Corporation's
second capture unit operating full-time and its first commercial
one. The attainment of these important deployment milestones
confirms the leadership position of CO2 Solutions'
enzymatic technology ahead of any other second-generation carbon
capture technology. The Corporation continues to pursue promising
commercial opportunities worldwide.
About CO2 Solutions Inc.
CO2 Solutions is a carbon-tech leader 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, Utilization and Sequestration
(CCUS), 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. 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.
www.co2solutions.com
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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.