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.CO₂solutions.com.
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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