Quebec City, October 12, 2017 – CO₂ Solutions Inc. (or the “Corporation”) (TSX-V: CST) is pleased to announce that Hago Energetics Inc. and Breathe Applied Sciences Private Limited will separately partner with CO₂ Solutions in the Carbon XPRIZE. These two new partnerships bring the total number of entries to six for CO₂ Solutions in this competition, including the Corporation’s two own entries converting CO₂ into biofuels from respectively coal and natural gas flue gas streams.
On October 17, 2016, the organizers of the competition announced that CO₂ Solutions had been selected to participate in the second round of the prestigious NRG COSIA Carbon XPRIZE. The Corporation has been authorized to partner with other semi-finalists offering a CO₂ utilization technology only, and is the only provider of a CO₂ capture technology in the Carbon XPrize to have publicly announced such synergistic partnerships. These combined entries will propose CO₂ Solutions’ carbon capture technology with the partner’s CO₂ utilization technology. The above-mentioned partnership entries are examples of such combinations. CO₂ Solutions and its combined-entry partner would share equally any prize money that may be awarded to this joint entry.
Hago Energetics from Thousand Oaks, California, has developed a technology that converts CO₂ from power plants into activated carbon, biochar and renewable fuels using energy from biomass.
Breathe Applied Sciences from Bangalore, India, has developed a technology that converts CO₂ into valueadded products such as methanol.
About the NRG COSIA Carbon XPRIZE Competition
Few challenges are greater and more critical than ensuring access to clean, affordable and abundant energy. As the global energy supply remains primarily derived from fossil fuels – the leading contributor to climate change – the $20M NRG COSIA Carbon XPRIZE will challenge the world to reimagine what we can do with CO₂ emissions by incentivizing and accelerating the development of technologies that convert CO₂ from a liability into valuable products. For more information, visit: https://carbon.xprize.org/.
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 emissions. CO₂ Solutions’ technology lowers the cost barrier to Carbon Capture, Utilization and Sequestration (CCUS), 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
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