Presentation offers the opportunity to highlight the Company's breakthrough technology to coal-fired power industry for efficiently reducing carbon emissions
Outstanding Shares: 100,494,626
QUEBEC CITY, May 14, 2015 /CNW/ - CO2 Solutions Inc. ("the Company") (TSX-V: CST), the leader in enzyme-enabled carbon dioxide (CO2) capture announced today it will make a presentation on June 2, 2015 at the Clearwater Clean Coal Conference in Clearwater, Florida. Mr. Jonathan Carley, CO2 Solutions' Vice-President of Business Development will present recent developments relating to the commercialization of the Company's low-cost and environmentally friendly technology for addressing carbon emissions from coal-fired power plants. Mr. Carley was invited to speak at the conference by the Government of Canada, in support of innovative Canadian clean energy technologies.
According to the International Energy Agency (IEA) GHG Program, there are more than 2,000 coal-fired power plants worldwide with combined emissions of 8.8 billion tonnes of CO2 annually. This represents approximately one-third of all manmade carbon emissions. Accordingly, reducing emissions from this sector has been widely deemed essential in efforts to combat climate change.
As announced on April 29, 2015, CO2 Solutions' carbon capture technology was shown to have a cost below the U.S. Department of Energy's year 2025 target for new carbon capture processes, ten years ahead of schedule. This is based on the Company's breakthrough approach which uses low-grade, nil value heat and dramatically reduces the impact of the carbon capture process on the power plant's output. As such, the Company's technology provides a cost-effective, near-term option as part of a carbon capture, utilization and sequestration approach to achieving large reductions in CO2 emissions from power generation and other industrial sectors in North America and globally.
"We are witnessing strong momentum towards a global agreement on emissions reductions leading up to the United Nations Climate Change Conference later this year", said Mr. Carley. "Reducing emissions from the power sector will be essential to this effort, and our technology is a cost-effective means of doing so. We are very pleased to have the opportunity to present this value proposition to this significant audience."
The Clearwater Clean Coal Conference has earned a reputation as one of the premiere conferences on coal technologies since 1975. The conference program covers innovative and evolving technologies in a forum that encourages the exchange of information on power generation and policy issues. Further information is available at http://www.coaltechnologies.com/.
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 lowenergy 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 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: Thom Skinner, 418-842-3456, ext. 223, [email protected], www.co2solutions.com; or TMX Equicom, Marc Lakmaaker, 416-815-0700, ext. 248, [email protected]