CO2 Solutions Begins Commissioning of its Carbon Capture Unit at the Resolute Pulp Mill in Saint-Félicien, Quebec

TSX-V: CST  

QUEBEC CITY, March 14, 2019 /PRNewswire/ - CO₂ Solutions Inc. (the "Corporation") (TSXV: CST) today provided an update on the Corporation's first commercial project with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc. (TSX: RFP) (NYSE: RFP), and Serres Toundra Inc. The project involves the deployment of a 30-tonne per day (tpd) CO₂ capture unit and ancillary equipment at Resolute's pulp mill in Saint-Félicien, Quebec and the commercial reuse of the captured CO₂ by the adjacent Toundra Greenhouse complex.

The Corporation is pleased to announce that the start of the commissioning of the CO₂ capture unit officially took place on March 14, 2019. This start-up was preceded by the successful pre-operation verifications of each of the capture unit's systems, after which the unit was put into operation and the first tonnes of CO₂ were captured. The Corporation now expects to ramp up the overall capture rate to validate the unit's nominal capacity of 30 tonnes of CO₂ per day.

The construction of the Saint-Félicien CO₂ capture unit was partly financed with investments from Sustainable Development Technology Canada (SDTC) and the Technoclimat program of the Quebec government as well as a loan from Canada Economic Development (CED).

"With the start-up of the Saint-Félicien capture unit, CO₂ Solutions has achieved an exciting milestone, not only for the Corporation but also for the carbon capture industry," stated Richard Surprenant, CO₂ Solutions' Chief Technology Officer. "This unit, a 3x scale-up from our currently operating 10-tpd unit in Montreal-East, confirms the position of our proprietary enzymatic technology as the world's most advanced second-generation carbon capture technology. We have demonstrated once again the dependability and simplicity of our enzymatic technology."

Once the Saint-Félicien capture unit reaches its nominal capacity of 30 tonnes of CO₂ per day, a six-month demonstration period will begin, after which the commercial phase will begin and the Corporation will generate revenues from the sale of the CO₂ to Toundra Greenhouse. This unit, the Corporation's second operating CO₂ capture unit, is a first-of-a-kind commercial unit and, as a result, it confirms the enzymatic technology's attainment of Technology Readiness Level (TRL) 8.

It will provide several benefits to its stakeholders, from generating revenues for CO₂ Solutions, to reducing the Resolute pulp mill's CO₂ emissions and enhancing the growth of Toundra Greenhouse's production with a non-fossil source of CO₂. Of particular note is that, unlike CO₂ capture processes that use toxic amine chemicals, the Corporation's enzymatic technology produces no toxic emissions or wastes, making it a cleantech process that is clean, a rarity among known CO₂ capture technologies. The Corporation continues to attract strong interest from companies worldwide seeking a proven, cost-effective and environmentally friendly CO₂ capture technology.

About CO₂ Solutions Inc.
CO₂ Solutions is a carbontech 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 post-combustion capture of carbon dioxide with low‐energy aqueous solvents. Further information can be found at www.co2solutions.com. Certain statements in this news release may be forward-looking. These statements relate to future events or CO₂ 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. CO₂ 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.

www.co2solutions.com

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SOURCE CO2 Solutions Inc.