QUEBEC CITY, Dec. 12, 2018 /CNW Telbec/ - CO2 Solutions Inc. ("the Corporation") (TSXV: CST), leader in the field of enzyme-enabled carbon capture technology, is pleased to announce that it has entered into a research agreement with the Collège de Shawinigan's Centre National en Électrochimie et en Technologies environnementales ("CNETE"). CNETE's expertise lies in the areas of bioprocess, membrane separation technology and electrochemistry.
Under the terms of the agreement, CNETE will assist the Corporation in enhancing and managing key components of its enzyme production process. This will result in a further decrease in the Corporation's enzymatic carbon capture technology's operating costs.
Evan Price, President and Chief Executive Officer of CO2 Solutions, commented, "We are excited to enter into this beneficial agreement with CNETE. In addition to bringing additional research resources to the Corporation, this collaboration is expected to further reduce the cost of our enzymatic technology, which has already demonstrated industry-leading advantages in terms of low cost and environmental impacts."
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.
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.
For further information: Investor Relations and Media Contact: CO2 Solutions, Jeremie Lavoie, 418-842-3456, ext. 223, [email protected], www.co2solutions.com