Corporation explores opportunities in high potential algae and biofuels production segment
Quebec City, Quebec, February 14, 2017
Solutions Inc. (TSX-V:CST), the leader in the field of enzymeenabled carbon capture technology, today announced that the Corporation has received a purchase order from a
third party for the sale, by CO2
Solutions, of carbonic anhydrase enzyme (“CA”) for the use inCO2
capture for enhancing the growth of algae for economical, sustainable production of protein and biofuel products. The
purchase order is for the sale of US $37,500 of enzyme to be delivered immediately. The name of the company purchasing the enzyme is not disclosed for competitive reasons.
This sale of CA to this leading provider of innovative technology is a trial to quantify the benefits of using CA to enhance the production of algae. A positive result of this CA trial and the commercialization of this algae-based
technology could lead to further sales of CA. Algae cultivation and processing is considered as an environmentally attractive method to produce biofuel and other value-added bio-products.
capture and reuse is our current focus, there are other market applications for robust and low-cost carbonic anhydrase enzyme, such as its use for algae production, which are covered by our intellectual property,”
stated Evan Price, President and CEO of CO2
Solutions Inc. “We are well positioned to serve these markets and look forward to working with this company and others in the high potential algae and biofuel production segment.”
About CO2 Solutions Inc.
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
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.
CO2 Solutions Forward-looking Statements
Certain statements in this news release may be forward-looking. These statements relate to future events, including statements relating to the liquidation of Akermin, or CO2
Solutions’ future economic performance, and
reflect the current assumptions and expectations of management. Factors that could cause actual results to differ materially from such forward-looking statements include, but are not limited to, general business and economic
uncertainties, third party events and adverse market conditions as well as those risks set out in the Corporation’s public documents filed on SEDAR. Readers are cautioned not to place undue reliance on such forward-looking
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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