03:51:53 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Resolute Forest Products Inc
Symbol RFP
Shares Issued 90,453,964
Close 2018-10-17 C$ 15.41
Market Cap C$ 1,393,895,585
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CO2 Solutions, Resolute install columns at St-Felicien

2018-10-17 17:13 ET - News Release

See News Release (C-CST) CO2 Solutions Inc

Mr. Richard Surprenant of CO2 Solutions reports

CO2 SOLUTIONS PROVIDES UPDATE ON CARBON CAPTURE PROJECT IN SAINT-FELICIEN

CO2 Solutions Inc. has provided an update on progress in the corporation's first commercial project with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc., and Serres Toundra Inc. The project entails the deployment of a 30-tonne-per-day (tpd) carbon dioxide capture unit and ancillary equipment at a pulp mill in Saint-Felicien, Que., and the commercial reuse of the captured CO2 by the adjacent Serres Toundra greenhouse facility.

On Oct. 17, 2018, the absorber and desorber columns, core elements of the capture unit, were installed on site. This is a critical step toward 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 groundbreaking 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-Felicien 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-Felicien 30-tonne-per-day 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 postcombustion capture of carbon dioxide with low-energy aqueous solvents.

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