CO2 Solutions Announces Agreement with the CO2 Capture Project
Outstanding Shares: 79,687,836
QUEBEC CITY, Feb. 13, 2013 /PRNewswire/ – CO(2) 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 CO(2) Capture Project (CCP)* for providing certain project data and reports to CCP, relative to the
pre-pilot phase of CO(2) Solutions’ Alberta oil sands project.
The value for this contract was not disclosed and will be included in CO(2) 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 CO(2) capture and storage. Phase Three (CCP3) members are BP, Chevron, Eni,
Petrobras, Shell, and Suncor.
About CO(2) Solutions Inc.
CO(2) 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. CO(2) Solutions’ technology lowers the cost barrier to Carbon Capture,
Sequestration and Utilization (CCSU), positioning it as a viable CO(2) mitigation tool, as well as enabling industry to derive profitable new
products from these emissions. CO(2) 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 CO(2) 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 CO(2) Capture Project (CCP).
CO(2) Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These
statements relate to future events or CO(2) 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. CO(2) 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
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.