Highlighting the benefits of CO2 Solutions' low cost, non-toxic carbon capture technology
QUEBEC CITY, March 20, 2017 /CNW Telbec/ - CO2 Solutions Inc. (TSXV: CST), the leader in the field of enzyme-enabled carbon capture technology, today announced that the Company's new Chief Technology Officer, Richard Surprenant, will be presenting to two major conferences to highlight the benefits of utilizing the Corporation's technology within the oil and gas and other industries.
Hosted by COSIA, Alberta Innovates and Natural Resources Canada, the Oil Sands Innovation Summit 2017 brings together decision makers from the oil and gas and cleantech industries to showcase the latest developments in environmental technologies. The event will take place March 21 and 22, 2017 in Calgary, Alberta in the Markin MacPhail Centre and will be preceded by workshops on March 20.
Mr. Richard Surprenant, CO2 Solutions' Chief Technology Officer, will present the Corporation's commercialization progress and the potential for its technology to economically reduce industrial greenhouse gas (GHG) emissions. The Corporation's technology which has been shown to reduce carbon capture costs to below carbon penalty pricing being introduced by the Canadian government, provides a viable means to reduce GHG emission levels while capturing carbon for economic reuse.
Further information on the event can be found at http://www.cosia.ca/summit. Mr. Surprenant's presentation will be posted on CO2 Solutions' website.
Additionally, Mr. Surprenant will be presenting at the 4th North American Energy Ministers' Trilateral Meeting workshop in Pittsburgh, with participating government delegations from Canada, the U.S. and Mexico. Hosted by the U.S. Department of Energy and the National Energy Technology Laboratory, this meeting will bring together experts to share information on key areas such as low-carbon electricity; clean energy technologies; energy efficiency; carbon capture, use and storage; climate change adaptation; and reducing emissions from the oil and gas sector. This event will take place at the Carnegie Mellon University Campus, which also hosts the Carnegie Mellon Energy Week 2017. This parallel event, which focuses on the Future of Energy, Innovation, Research, Policy, and Education, will increase visibility and promote the Corporation's carbon capture solutions.
"While the commitment to address climate change may be under review at the federal level in the U.S., the strategies at the state level and globally outside of the U.S. continue to be implemented to reduce GHG emissions," stated Evan Price, President and Chief Executive Officer of CO2 Solutions. "Additionally, a growing number of large multinationals are assessing long-term project risk and feasibility utilizing internal carbon pricing. This momentum continues to gain strength and creates opportunities for viable capture technologies available today, the lowest cost and most environmentally benign being ours. We anticipate events such as the ones Richard will be presenting at, to contribute to our global recognition and help identify new commercial opportunities."
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 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.
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