CO2 Solutions Provides Update on Saint-Félicien Pulp Mill and Greenhouse Carbon Capture Project
QUEBEC CITY, Sept. 26, 2017 /CNW Telbec/ - CO2 Solutions Inc. (the "Corporation") (TSXV: CST), leader in the field of enzyme-enabled carbon capture technology, today provided an update on progress at 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 the Saint-Félicien region of Quebec (Canada) and the commercial reuse of the captured CO2 by the adjacent Serres Toundra greenhouse facility (the Project).
The Project is following its course as planned. In the spring of 2017, the preliminary engineering was finalized. Since then, the detailed engineering has been largely realized and will be completed in October 2017. The Resolute Forest Product's Saint-Félicien pulp mill completed its planned annual shutdown for maintenance which allowed the CO2 Solutions' team to install the required connections from the Fibrek plant to route the flue gas to the future CO2 capture unit. This is an important milestone towards the completion of the unit which is expected to be commissioned in the fourth quarter of 2018.
The procurement of long-lead items has begun with the issuance of the first purchase order to ensure the receipt of the equipment in time for successful completion. Modules with key process equipment will be constructed over the coming winter months. Structural and foundation work is planned for the spring of 2018. It is anticipated that the modules will be assembled into the final configuration over the summer of 2018.
"We are very satisfied with the good working relationship achieved with our clients, Resolute Forest Products and Serres Toundra, as well as the project's engineering firm, BBA." stated Richard Surprenant, Chief Technology Officer for CO2 Solutions. "Our objective since the beginning is to deliver a state-of-the-art project that surpasses expectations while meeting budget and schedule – and we remain confidently on this path."
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, 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 statements. 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.For further information: Investor Relations and Media Contact: CO2 Solutions: Jérémie Lavoie, 418-842-3456, ext. 223, email@example.com