Quebec-based CO2 Solutions Inc. today announced that the Canadian government has made a $4.7 million investment to support the development of the company's enzyme-enabled carbon capture technology in the Alberta oil sands. CO2 Solutions is developing carbon capture technology for use in oil sands production, including in-situ methods and bitumen upgrading. According to a company press release, results from the project will also support the broader application of CO2 Solutions' technology in other natural gas combustion sources, such as gas-fired power plants. CO2 Solutions’ management anticipates the overall cost of the project to be $7.5 million. The company announced earlier this month that it will receive $348,000 in nonreimbursable funding from Canada’s Industrial Research Assistance Program. The funding will be used to support the ongoing development of CO2 Solutions’ technology, including enzyme evolution and enzyme management process optimization work and will be disbursed over the next twelve months.
Source: CO2 Solutions
Source: CO2 Solutions
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