CO2 Solutions Inc., the leader in the field of enzyme-enabled carbon capture technology, provides an update on its project for the low-cost and efficient capture of CO2 at Husky Energy's Pikes Peak South heavy oil site in Saskatchewan.
CO2 Solutions Inc., a leader in the field of enzyme-enabled carbon capture technology, has provided an update on progress of its pilot project with Husky Energy for the capture of CO2 in the oil industry.
CO2 Solutions Inc. has met and exceeded the first two technical performance milestones for its Alberta Oil Sands project. The Company demonstrated its patented carbon capture technology is at least one-third less expensive than existing carbon capture technology in terms of energy consumption, and can withstand the rigors of industrial application.
The environmental footprint of unconventional hydrocarbon production from the Alberta oil sands has been a subject of growing interest both in Canada and internationally. Much of this interest and debate has been focused on the industry’s higher overall carbon dioxide (CO2) emissions footprint compared to conventional oil production. This has resulted largely from the combustion of natural gas to produce steam which is injected underground to produce this oil in-situ. With growing public concerns about the effects of global climate change brought about by rising CO2 emissions industry and government are focused on ways to tackle this challenge, with carbon capture and storage (CCS) being a mitigation option of major interest.