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  PR Newswire  QUEBEC CITY AND COLORADO SPRINGS, CO, June 17, 2014  TSX-V: CST Outstanding Shares: 79,687,836  QUEBEC CITY AND COLORADO SPRINGS, CO, June 17, 2014 /PRNewswire/ - 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.  Contact:  Investor Relations and Media Contact:  CO[2] 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  
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