CO2 Solutions Announces Agreement with the CO2 Capture Project
Outstanding Shares: 79,687,836
QUEBEC CITY, Feb. 13, 2013 /PRNewswire/ - CO2 Solutions Inc. (TSX-V: CST), an innovator in the field of enzyme-enabled carbon capture technology, announced today that it has been awarded a contract by the CO2 Capture Project (CCP)* for providing certain project data and reports to CCP, relative to the pre-pilot phase of CO2 Solutions' Alberta oil sands project.
The value for this contract was not disclosed and will be included in CO2 Solutions' calendar 2013 revenue.
The CCP is a partnership of several major energy companies working together to advance the technologies that will underpin the deployment of industrial-scale CO2 capture and storage. Phase Three (CCP3) members are BP, Chevron, Eni, Petrobras, Shell, and Suncor.
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.
About The CO2 Capture Project (CCP)
Since its formation in 2000, the CCP has undertaken more than 150 projects to increase understanding of the science, economics and engineering applications of CCS. Currently in its third phase of activity (CCP3) its members are BP, Chevron, Eni, Petrobras, Shell and Suncor. Further information can be found at www.co2captureproject.com
*The contract has been awarded by BP Corporation North America Inc. as operator on behalf of the CO2 Capture Project (CCP).
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.
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.