Patents will have wide application in efficient carbon capture from oil sands, coal-fired power generation and other large Canadian industries
Outstanding Shares: 79,687,836
QUEBEC CITY, Sept. 19, 2013 /CNW/ - CO2 Solutions Inc. (TSXV: CST), an innovator in the field of enzyme-enabled carbon capture technology, today announced that it has received Notices of Allowance in Canada for two broad patents: "Carbonic anhydrase system and process for treating a CO2-containing gas" with number 2,813,640 and "Formulation and process for CO2 capture using carbonates and biocatalysts" with number 2,769,772.
"Our enzyme-enabled, low-energy solvent approach to carbon capture eliminates the need for high value process heat and significantly reduces the cost that has historically been associated with carbon capture," said Evan Price, President and CEO of CO2 Solutions. "As we progress towards the commercialization of our technology, we are protecting its path forward by expanding our patent portfolio."
These patents will be directly applicable to the use of CO2 Solutions' technology in the Alberta Oil Sands, the coal-fired power generation industry, and wherever CO2 capture is beneficial, including the production of CO2 for use in Enhanced Oil Recovery.
In August 2013, the Company announced that it met and exceeded the first performance milestones for its Alberta Oil Sands project. In this regard, the patents cover a process with dramatically lower operating costs vis-à-vis conventional technology through lower energy consumption and by allowing the use of zero-value waste heat for solvent regeneration. Additionally, the process has numerous operational benefits versus conventional chemical solvent technology, namely no toxicity, low corrosivity, and exceptional stability.
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 operations 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.
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SOURCE: CO2 Solutions Inc.
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