TSX-V: CST
QUEBEC CITY, March 14,
2019 /CNW Telbec/ - CO2 Solutions Inc. (the
"Corporation") (TSXV: CST) today provided an update on 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 involves the
deployment of a 30-tonne per day (tpd) CO2 capture unit
and ancillary equipment at Resolute's pulp mill in Saint-Félicien,
Quebec and the commercial reuse of
the captured CO2 by the adjacent Toundra Greenhouse
complex.
The Corporation is pleased to announce that the start of the
commissioning of the CO2 capture unit officially took
place on March 14, 2019. This start-up was preceded by the
successful pre-operation verifications of each of the capture
unit's systems, after which the unit was put into operation and the
first tonnes of CO2 were captured. The Corporation now
expects to ramp up the overall capture rate to validate the unit's
nominal capacity of 30 tonnes of CO2 per day.
The construction of the Saint-Félicien CO2
capture unit was partly financed with investments from Sustainable
Development Technology Canada (SDTC) and the Technoclimat program
of the Quebec government as
well as a loan from Canada Economic Development (CED).
"With the start-up of the Saint-Félicien capture unit,
CO2 Solutions has achieved an exciting milestone, not
only for the Corporation but also for the carbon capture industry,"
stated Richard Surprenant,
CO2 Solutions' Chief Technology Officer. "This unit, a
3x scale-up from our currently operating 10-tpd unit in
Montreal-East, confirms the position of our proprietary enzymatic
technology as the world's most advanced second-generation carbon
capture technology. We have demonstrated once again the
dependability and simplicity of our enzymatic technology."
Once the Saint-Félicien capture unit reaches its nominal
capacity of 30 tonnes of CO2 per day, a six-month
demonstration period will begin, after which the commercial phase
will begin and the Corporation will generate revenues from the sale
of the CO2 to Toundra Greenhouse. This unit, the
Corporation's second operating CO2 capture unit, is a
first-of-a-kind commercial unit and, as a result, it confirms the
enzymatic technology's attainment of Technology Readiness Level
(TRL) 8.
It will provide several benefits to its stakeholders, from
generating revenues for CO2 Solutions, to reducing the
Resolute pulp mill's CO2 emissions and enhancing the
growth of Toundra Greenhouse's production with a non-fossil source
of CO2. Of particular note is that, unlike
CO2 capture processes that use toxic amine chemicals,
the Corporation's enzymatic technology produces no toxic emissions
or wastes, making it a cleantech process that is clean, a rarity
among known CO2 capture technologies. The Corporation
continues to attract strong interest from companies worldwide
seeking a proven, cost-effective and environmentally friendly
CO2 capture technology.
About CO2 Solutions
Inc.
CO2 Solutions is a carbontech 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.
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.
www.co2solutions.com
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content:http://www.prnewswire.com/news-releases/co2-solutions-begins-commissioning-of-its-carbon-capture-unit-at-the-resolute-pulp-mill-in-saint-felicien-quebec-300812878.html
SOURCE CO2 Solutions Inc.