CO2 Solutions Welcomes Kiverdi as a Partner in the VCQ Project

About the Valorisation Carbone Québec (VCQ) Project
The objective of the VCQ Project is to develop and demonstrate commercially viable end-to-end solutions to capture and utilize CO₂ in various applications while at the same time reducing greenhouse gas (GHG) emissions. Under the leadership of CO₂ Solutions, a world-class leader in this field, the VCQ Project also includes the participation of Laval University and the Quebec government. Joining the initial members are Parachem, a limited partnership jointly owned by Suncor Energy Inc. (51%) and Société Investissement Québec (49%), and Hatch Ltd., a global consulting and engineering firm specialized in the design and realization of major industrial engineering projects and services throughout the world and the supplier of engineering services to the VCQ Project. The VCQ Project is headed by Dr. Louis Fradette, former CTO at CO₂ Solutions, as its Project Director. The demonstration phase of the VCQ Project includes the design, construction, installation and operation, at Parachem's industrial site in Montreal-East (Quebec), of a CO₂ capture, unit using the Corporation's enzymatic process, and CO₂ utilization units provided by utilization partners. The development phase aims to advance one or several second-generation CO₂ utilization processes based on the work already initiated at various universities and public or private research centres. The VCQ Project is supported by a $15M grant from the Québec government and monetary investments and/or in-kind contributions by the partners.

About Kiverdi
Kiverdi, Inc., is a privately held biotech company developing beneficial uses of carbon dioxide with a mission to commercialize innovations that will help to sustainably power a growing world. Kiverdi's bio-process uses natural microorganisms to convert carbon dioxide into raw materials that can be used to manufacture everyday products. Similar to plants, Kiverdi's bio-process converts carbon dioxide, along with other simple mineral nutrients and gases, into bio-based raw materials for everyday products. The Kiverdi process requires 3-4 orders of magnitude less land than traditional agriculture and significantly less water, and can be fed a concentrated source of carbon dioxide as one might do with a greenhouse or a vertical farm. By recycling carbon dioxide, Kiverdi is addressing the growing demand for cost-competitive, sustainably sourced products that have a low-carbon footprint and do not rely upon diverted food crops. Kiverdi is bridging the gap between sustainability and profitability. Further information can be found at: http://www.kiverdi.com/.  

About CO₂ Solutions Inc.
CO₂ Solutions is a Canadian company and leading innovator 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 and (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.

CO₂ Solutions Forward-looking Statements
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.

SOURCE CO2 Solutions Inc.