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CO2 Solutions Successfully Completes Second Oil Sands Project Milestones

 CO2 Solutions Successfully Completes Second Oil Sands Project Milestones  Company's carbon capture technology performance significantly exceeds  conventional technology in industrial testing; project ready for field pilot  phase  TSX-V: CST Outstanding Shares: 79,687,836  QUEBEC CITY, April 10, 2014 /CNW/ - CO(2) Solutions Inc. (TSX-V: CST), a  leading innovator in the field of enzyme-enabled carbon capture technology,  today announced that it has exceeded the second set of technical performance  milestones for its oil sands project. CO(2) Solutions patented process  operated at the 0.5 ton/day scale and demonstrated that it can realistically  lower the cost of CO(2) capture to well below that associated with current  carbon capture technology on the basis of cost per tonne captured.  These excellent results position CO(2) Solutions' technology as an important  platform for carbon emissions reductions as well as for the beneficial reuse  of CO(2) such as in Enhanced Oil Recovery (EOR) in the oil industry. The oil  sands project will now proceed to the pilot demonstration phase of testing at  approximately 15 tonne-CO(2)/day scale where process performance will be  validated in the field towards commercial deployment.  To this end, CO(2)  Solutions is in advanced discussions with a major Canadian energy company to  host this pilot installation.  These milestones are included in the Contribution Agreements for the  Government of Canada's ecoENERGY Innovation Initiative (ecoEII) and Alberta's  Climate Change and Emissions Management (CCEMC) Corporation grants funding the  project.  "This significant milestone further confirms the cost-effectiveness of our  enzymatic carbon capture technology in the largest-ever scale test of a  biocatalytic process for carbon capture," said Evan Price, President and CEO  of CO(2) Solutions. "Our focus is to advance to the pilot stage of the project  and pursue initial commercial deployment opportunities of the technology  including those for the beneficial utilization of CO(2)."  "The Climate Change and Emissions Management Corporation is pleased to see the  innovative carbon capture technology developed by CO(2) Solutions move forward  to the pilot stage," said CCEMC Chair Eric Newell. "Enzyme-enabled carbon  capture is a transformative technology that can help Alberta to reduce GHG  emissions and transition to a lower carbon economy."  Industry and government are focused on ways to reduce emissions from the oil  sands, with carbon capture and storage (CCS) being a mitigation option of  significant interest. However, the cost of conventional CCS technologies is  prohibitive to broad commercial deployment. Results from the testing are in  line with the previously announced improvement of a least 33% in energy  consumption compared to the existing carbon capture technologies for the  capture of 90 percent of the CO2 emissions from a typical once-through steam  generator in in-situ oil sands operations.  One major improvement over conventional processing is that nil-value energy  from the operation is used as the main heat source thus decreasing further the  operating costs. Industrially optimized enzyme catalysts employed in the  testing demonstrated robust performance both in absorption and solvent  regeneration. The solvent employed is less expensive, extremely stable, and  environmentally benign compared to conventionally-used solvents.  Moreover, it  reduces emissions of dangerous by-products to zero.  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 pollution.  CO(2) Solutions' technology lowers  the cost barrier to Carbon Capture, Sequestration and Utilization (CCSU),  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  Certain statements in this news release may be forward-looking. These  statements relate to future events or CO(2) 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 operations described herein. CO(2) 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.    SOURCE  CO2 Solutions Inc.  Investor Relations and Media Contact: CO2 Solutions: Thom Skinner,   418-842-3456, ext. 223,  thom.skinner@co2solutions.com, www.co2solutions.com  Or TMX Equicom: Fil Marinkovic, (416) 815-0700 ext. 289,  fmarinkovic@tmxequicom.com; TMX Equicom: Adam Peeler, (416) 815-0700 ext. 225,  apeeler@tmxequicom.com  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/April2014/10/c2838.html  CO: CO2 Solutions Inc. ST: Quebec NI: ENV  
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