CO2 Solutions Partners with Neumann Systems for U.S. Pilot Demonstration of Carbon Capture Process

 CO2 Solutions Partners with Neumann Systems for U.S. Pilot Demonstration of  Carbon Capture Process  TSX-V: CST Outstanding Shares: 79,687,836  QUEBEC CITY AND COLORADO SPRINGS, CO, June 17, 2014 /CNW/ - CO(2 )Solutions  Inc. ("CO(2 )Solutions" or "the Corporation") (TSX-V:CST), an innovator in the  field of enzyme-enabled carbon capture technology, today announced that it has  entered into a Collaboration Agreement with Colorado-based Neumann Systems  Group, Inc. ("NSG" or "Neumann Systems"), an established emissions control  solutions provider.  Under the terms of the agreement, CO(2 )Solutions and NSG will demonstrate a  combination of their two proprietary technologies at pilot scale in what is  expected to be a significantly lower cost process for the capture of CO(2)  from industrial effluent gases. Following this pilot, the companies anticipate  co-marketing a combined solution for profitable application in enhanced oil  recovery (EOR) and other existing and new CO(2) sequestration and reuse  markets.  "This project with Neumann Systems has the potential to significantly  accelerate the commercialization of both our companies' carbon capture  technologies," said Evan Price, President and CEO of CO(2) Solutions.  "Successful completion of the pilot will enable us to jointly pursue  commercial opportunities both companies have identified.  This is also a  timely start to a relationship between CO(2) Solutions and a U.S. partner  given the June 2, 2014 landmark announcement by the Obama administration of  carbon emissions regulations for the U.S. power sector."  The pilot combines CO(2 )Solutions' enzyme-based technology with NSG's high  mass transfer gas-liquid contactor technology, known as NeuStream(®). NSG's  technology has a significantly smaller footprint than current technologies,  with development to date demonstrating the potential to reduce CO(2) capture  equipment capital costs by up to 50 per cent.  CO(2 )Solutions has demonstrated that, using conventional CO(2) capture  equipment, its enzyme-based solution can generate cost savings in excess of 30  per cent compared to conventional solvent-based processes. Additionally, the  Corporation's solution enables the use of low-grade, nil-value heat from  industrial sources, dramatically reducing process energy costs.  Initial large bench-scale testing of CO(2 )Solutions' enzyme-enabled carbon  capture solvent with NeuStream(®) has already yielded very positive results.  The upcoming pilot demonstration will capture approximately 10 tonnes per day  of CO(2). The pilot is scheduled to run for one month, beginning in April  2015, at NSG's Colorado Springs facility.  CO(2) produced at the facility is  expected to be suitable for enhanced oil recovery (EOR) and other commercial  applications.  NSG has an on-going approximate US$9.5 million CO(2) capture system  development project that is supported by a grant from the U.S. Department of  Energy's National Energy Technology Laboratory with over US$1.4 million of NSG  matching funding. Building on the NETL funded development project, CO(2  )Solutions will contribute an additional approximate US$450,000 toward the  April 2015 pilot for equipment modifications, operations changes and testing  for the optimized use of the Corporation's enzyme-based solvent technology  with NeuStream(®).  "We are looking forward to teaming up with CO(2) Solutions to demonstrate this  potentially game-changing technology combination for carbon capture," said  Dave Neumann, President and CEO of NSG.  "We anticipate realizing very  significant synergies from the collaboration, making this an important  opportunity to rapidly penetrate large existing markets for the profitable use  of CO(2, )as well as provide a viable solution for carbon emissions reduction  for large emitters."  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  About Neumann Systems Group, Inc. Neumann Systems Group, Inc. designs and builds emissions control systems for  power plants and other industrial applications. NSG's principal product line,  NeuStream(®), is a suite of emissions control systems that removes harmful  pollutants from emissions sources like coal-fired power plants and industrial  sources that contribute to ozone, acid rain, respiratory diseases and climate  change. The NeuStream(®) systems are based on an advanced gas-liquid  contacting device invented, developed and manufactured by NSG.  Founded in  1997, NSG has been consistently profitable in its operations.  Further  information can be found at  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.  Investor Relations and Media Contact:  CO2 Solutions: Thom Skinner 418-842-3456, ext. 223  or  TMX Equicom Adam Peeler 416-815-0700, ext. 225   Marc Lakmaaker (416) 815 0700 ext. 248  To view this news release in HTML formatting, please use the following URL:  CO: CO2 Solutions Inc. ST: Colorado NI: ENV VNT  
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