TSX-V: CST
QUEBEC CITY, June 7, 2018 /CNW Telbec/ - CO2
Solutions Inc. (TSXV: CST) ("CO2 Solutions" or the
"Corporation") is pleased to announce that its technology will be
featured in a presentation given today at the Oil Sands Innovation
Summit in Calgary, Alberta. The
presentation summarizes extensive modelling work by Natural
Resources Canada's CanmetENERGY research centre, in Varennes, Quebec and CO2 Solutions
on the energy integration potential of CO2 capture with
Once-Through Steam Generator (OTSG) plants providing steam for
Steam Assisted Gravity Drainage (SAGD) operations.
This presentation entitled Integration of SAGD with low-grade
heat CO2 capture technology underlines how
CO2 Solutions' enzymatic technology, which requires only
low-grade heat in the form of hot water at 80 to 85° Celsius
for its regeneration energy, can be integrated in a heavy oil
operation. Furthermore, the presentation confirms the availability
of sufficient excess heat to drive the capture process in a heat
integration scheme, without touching the plant's steam cycle.
"CO2 Solutions is pleased to see the important
benefit and competitive advantage of its enzymatic technology
confirmed and communicated by a recognized industry expert," stated
Richard Surprenant, Senior
Vice-President and Chief Technology Officer. "OTSG plants are
common in SAGD oil production and the steam they produce is
valuable to their operators. This study concludes that our
enzymatic technology can be deployed at an OTSG host plant without
impacting the steam cycle and, from there, provide CO2
for Enhanced Oil Recovery (EOR) operations or other beneficial
purposes."
The use of low-grade heat as regeneration energy is a
significant competitive advantage of CO2 Solutions'
enzymatic technology over conventional CO2 capture
technologies which require high-value steam for the same purpose,
such as those that are amine-based. In addition, this aspect of the
Corporation's enzymatic technology creates no parasitic load on the
host CO2-emitting plant and provides superior
environmental benefits as validated in a Life Cycle Analysis (LCA)
study presented by CO2 Solutions earlier in the
year.
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, 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.
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.
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content:http://www.prnewswire.com/news-releases/co2-solutions-technology-showcased-by-canmetenergy-at-the-oil-sands-innovation-summit-300661310.html
SOURCE CO2 Solutions Inc.