CO2 Solutions Announces Partnerships with Hago Energetics and Breathe Applied Sciences in the NRG COSIA Carbon XPrize Competition
TSX-V: CST
QUEBEC CITY, Oct. 12, 2017 /PRNewswire/ - CO(2) Solutions Inc. (or the "Corporation") (TSXV: CST) is pleased to announce that Hago Energetics Inc. and Breathe Applied Sciences Private Limited will separately partner with CO(2) Solutions in the Carbon XPRIZE. These two new partnerships bring the total number of entries to six for CO(2) Solutions in this competition, including the Corporation's two own entries converting CO(2) into biofuels from respectively coal and natural gas flue gas streams.
On October 17, 2016, the organizers of the competition announced that CO(2) 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 CO(2) utilization technology only, and is the only provider of a CO(2) capture technology in the Carbon XPrize to have publicly announced such synergistic partnerships. These combined entries will propose CO(2) Solutions' carbon capture technology with the partner's CO(2) utilization technology. The above-mentioned partnership entries are examples of such combinations. CO(2) 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 CO(2) 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 CO(2) into value-added 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 CO(2) emissions by incentivizing and accelerating the development of technologies that convert CO(2 )from a liability into valuable products. For more information, visit: carbon.xprize.org.
About CO(2) Solutions Inc.
CO(2) 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. CO(2) Solutions' technology lowers the cost barrier to Carbon Capture, Utilization and Sequestration (CCUS), positioning it as a viable CO(2) mitigation tool, as well as enabling industry to derive profitable new products from these emissions. CO(2) 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.
CO(2) Solutions Forward-looking Statements
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SOURCE CO2 Solutions Inc.
