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SOURCE CO2 Solutions Inc.
Building on the Corporation's technology and projects, and their relation to the world sustainability and the harmony of the elements theme of the Olympics
QUEBEC CITY, Feb. 7, 2018 /CNW Telbec/ - CO2 Solutions Inc. (or the "Corporation") (TSXV: CST) is pleased to announce that it will be airing its video "Industrial Evolution," during the 2018 Winter Olympic games which will take place from February 9th to the 25th. The 2018 Winter Olympics in PyeongChang, South Korea are presented under the theme "Where the Earth Meets the Sky", which promotes world harmony and a gathering place where the three elements of Cheon-ji-in – heaven, earth, and human – are in harmony.
"Ambitious goals have been set for carbon reduction in Canada and the world," stated Evan Price, President and Chief Executive Officer of CO2 Solutions. "We know that CO2 Solutions' technology can contribute significantly towards achieving these reductions and keeping the world's climate in harmony. The Valorisation Carbone Québec project, through which we are demonstrating commercially viable end-to-end solutions to capture and utilize CO2 in various applications, while simultaneously reducing greenhouse gas (GHG) emissions, is an example of our leadership. The airing of this video, which is consistent with the theme of the 2018 Winter Olympics, is an effective method to make this message broadly known across Canada."
The central theme of the video is that CO2 emissions can be curbed through an "industrial evolution" that calls for carbon capture and utilization (CCU). According to the Global Roadmap for CO2 Utilization prepared by McKinsey & Co. for the Global CO2 Initiative in 2016, CCU represents a market opportunity of $1 trillion while mitigating 10% of global CO2 emissions through this approach.
The 30-second commercial spot will first be seen during the opening ceremony and will continue to air until the end of the Olympics on both the CBC News network and on www.cbc.ca, conveying its industrial evolution theme. It will also continue being aired on the CBC news network for an additional two weeks. CO2 Solutions is also considering additional airing of the commercial spot on other Canadian business-related networks and can also be viewed at: https://vimeo.com/178354070 as well as on CO2 Solutions' website www.co2solutions.com and social media platforms, such as Facebook, Twitter, LinkedIn and YouTube.
About the Valorisation Carbone Québec (VCQ) Project
The objective of the VCQ project is to develop and demonstrate commercially viable end-to-end solutions to capture and utilize CO2 in various applications while at the same time reducing greenhouse gas (GHG) emissions. Under the leadership of CO2 Solutions, a world-class leader in this field, the VCQ project also includes the participation of Laval University and the Quebec government. Joining the initial members are Parachem, a limited partnership jointly owned by Suncor Energy Inc. (51%) and Société Investissement Québec (49%), and Hatch Ltd., a global consulting and engineering firm specialized in the design and realization of major industrial engineering projects and services throughout the world and the supplier of engineering services to the VCQ project. The VCQ project is headed by Dr. Louis Fradette, former CTO at CO2 Solutions, as its Project Director. The demonstration phase of the VCQ project includes the design, construction, installation and operation, at Parachem's industrial site in Montreal-East (Quebec), of a CO2 capture unit using the Corporation's enzymatic process and CO2 utilization units provided by utilization partners. The development phase aims to advance one or several second-generation CO2 utilization processes based on the work already initiated at various universities and public or private research centres. The VCQ project is supported by a $15M grant from the Québec government and monetary investments and/or in-kind contributions by the partners.
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 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.
CO2 Solutions Forward-looking Statements
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.
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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