CO₂ Solutions Provides Update on Carbon Capture Project in Saint-Félicien

Oct. 17, 2018


Quebec City, Quebec, October 17, 2018 – CO₂ Solutions Inc. (the “Corporation”) (TSX-V: CST) today provided an update on progress in the Corporation’s first commercial project with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc. (TSX: RFP) (NYSE: RFP), and Serres Toundra Inc. The project entails the deployment of a 30-tonne per day (tpd) CO₂ capture unit and ancillary equipment at a pulp mill in Saint-Félicien, Quebec and the commercial reuse of the captured CO₂ by the adjacent Serres Toundra greenhouse facility.

On October 17, 2018, the absorber and desorber columns, core elements of the capture unit, were installed on site. This is a critical step towards the commissioning of the capture unit which is planned for November 2018.

“It is exciting to witness the final phases of the construction of this ground-breaking project, which is the fruit of hard work and successful partnerships,” stated Richard Surprenant, Chief Technology Officer of CO₂ Solutions. “The completion of the construction signals the start of operations. We are eager to see our first commercial plant in production. It will generate revenues, reduce the pulp mill’s CO₂ emissions, accelerate the growth of the greenhouse’s vegetables and contribute in the fight against climate change. An all-around win on many fronts!”

Following the commissioning of the Saint-Félicien CO₂ capture unit, there will be a six-month demonstration period, after which the Corporation will start generating revenues from the sale of the CO₂. The Saint- Félicien 30-tpd capture unit will be the Corporation’s second capture unit operating full-time and its first commercial one. The attainment of these important deployment milestones confirms the leadership position of CO₂ Solutions’ enzymatic technology ahead of any other second-generation carbon capture technology. The Corporation continues to pursue promising commercial opportunities worldwide.

About CO₂ Solutions Inc.
CO₂ Solutions is a carbon-tech leader 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, 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.CO₂

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.

Investor Relations and Media Contact:

CO₂ Solutions
Jeremie Lavoie 418-842-3456, ext. 223
[email protected]₂

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.

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