CO2 Solutions Announces Carbon Capture Pilot with Husky Energy

        CO2 Solutions Announces Carbon Capture Pilot with Husky Energy

PR Newswire

QUEBEC CITY, April 15, 2014

TSX-V: CST

QUEBEC CITY, April 15, 2014 /PRNewswire/ - CO[2] Solutions Inc. (TSX-V:CST),
an innovator in the field of enzyme-enabled carbon capture technology, today
announced that it has entered into a Collaboration Agreement (the "Agreement")
with Husky Energy.

Under the terms of the Agreement,  CO[2] Solutions will install and operate  a 
pilot unit capturing approximately 15 tonnes of CO[2] per day at Husky's Pikes
Peak South, Saskatchewan  heavy oil  site on a  once-through steam  generator. 
Operation of  the  pilot unit  is  expected to  commence  in early  2015  with 
completion of testing  expected in the  third quarter of  2015. Subject to  a 
positive review  by Husky  of the  results of  the pilot  test, the  Agreement 
provides for Husky  to consider  the use  of CO[2]  Solutions' technology  for 
commercial carbon capture projects.

The project will  be funded in  part by the  Government of Canada's  ecoENERGY 
Innovation Initiative (ecoEII) program, as previously announced on January 24,
2013.

"The pilot demonstration of our technology is a significant milestone  towards 
the commercial deployment of our  technology for CO[2] capture and  beneficial 
utilization applications  such as  enhanced oil  recovery," said  Evan  Price, 
President and CEO  of CO[2] Solutions.  "Husky is a  recognized leader in  the 
energy industry and will provide valuable expertise to this project."

"Through the ecoENERGY Innovation Initiative,  our Government is investing  in 
projects that drive energy innovation,  create jobs and generate new  economic 
opportunities  that  protect  the  environment,"  said  the  Honourable   Greg 
Rickford, Minister of Natural Resources and Minister for the Federal  Economic 
Development for  Northern  Ontario. "Today's  announcement  demonstrates  that 
these investments are successfully bringing innovative clean technologies from
concept to reality."

The pilot test is expected to  confirm the positive techno-economics of  CO[2] 
Solutions' carbon capture  process and  will provide an  operational basis  to 
compare the process against other  new and conventional technologies in  terms 
of performance  and cost.  A successful  project will  pave the  way for  the 
CO[2]Solutions technology  to be  applied broadly  for cost-effective  carbon 
emissions mitigation in heavy oil and  oil sands operations in Western  Canada 
and other industrial applications.

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  operation  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.

Contact:

Investor Relations and Media Contact:

CO[2] 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
 
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