“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 CO2 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 CO2 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 CO2 Solutions’ enzyme-based technology with Neumann System’s high mass transfer gas-liquid contactor technology, known as NeuStream®. The technology has a significantly smaller footprint than current technologies, with development to date demonstrating the potential to reduce CO2 capture equipment capital costs by up to 50%.
CO2 Solutions has demonstrated that, using conventional CO2 capture equipment, its enzyme-based solution can generate cost savings in excess of 30% compared to conventional solvent-based processes. Additionally, the solution enables the use of low-grade heat from industrial sources, dramatically reducing process energy costs.
Initial large bench-scale testing of CO2 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 CO2. The pilot is scheduled to run for one month, beginning in April 2015, at Neumann System’s Colorado Springs facility. CO2 produced at the facility is expected to be suitable for EOR and other commercial applications.
CO2 Solutions currently also has a partnership with Husky Energy for a pilot CO2 capture in Saskatchewan.
The complete press release is available here.