May 26, 2011 (Canada NewsWire Group) --
Outstanding shares: 60,261,136
Canadian and Australian patents further broaden CO2 Solution's intellectual property coverage in the growing global market for carbon capture
QUEBEC CITY, May 26, 2011 /CNW Telbec/ - CO2 Solution Inc. is pleased to announce it has been granted Canadian patent No. 2499264 - A PROCESS AND A PLANT FOR RECYCLING CARBON DIOXIDE EMISSIONS FROM POWER PLANTS INTO USEFUL CARBONATED SPECIES, and Australian patent No. 2006217575 - AN IMPROVED CO2 ABSORPTION SOLUTION.
According to the International Energy Agency's Greenhouse Gas Program power plants, aluminum refineries, cement plants and other large stationary industrial sources worldwide generated aggregate annual carbon dioxide emissions of more than 14 billion tons, representing half of all global emissions of carbon pollution from all sources. CO2 Solution's patented carbon capture technology provides an effective and less costly answer for the capture, storage and treatment of these harmful emissions.
Canadian patent No. 2499264, related to corresponding U.S. patent, No. 7,596,952 issued to CO2 Solution in 2009 and other patents pending provides for exclusivity in the field of using the enzyme carbonic anhydrase for the capture of carbon dioxide from any fossil power plant. The Company believes that the patent family has significant value for efficient carbon capture from power plants and aluminum operations.
Australian patent No. 2006217575 related to corresponding U.S. patent, No. 7,740,689 issued to CO2 Solution in 2010 and other patents pending, provides for exclusivity in the field of using carbonic anhydrase for the capture of carbon dioxide with low-energy amine solvents. The Company believes that this patent family has very substantial value for the power generation, oil & gas production and other large carbon-intensive industries where the enzyme catalyst can enable the highly efficient capture of emissions with commercially available amine solvents such as methyldiethanolamine (MDEA).
"These additional patents further enhance our leading patent position in the use of carbonic anhydrase for efficient carbon capture and further protect our game-changing technology position on a worldwide basis", stated Glenn Kelly, President & CEO of CO2 Solution Inc. "With our portfolio of patents in place, we stand to uniquely benefit from the significant potential of this growing global market."
About CO2 Solution
CO2 Solution is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for power plants and other large stationary sources of carbon pollution. In the process, CO2 Solution 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.co2solution.com.
Certain statements in this news release may be forward-looking. These statements relate to future events or CO2 Solution's 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 Solution 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.
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