12 business elite canada
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NOV 2014
to coal flue gases at the U.S. National Carbon
Capture Center in Alabama. More recently, in
a separate effort CO
2
Solutions has developed
its own proprietary enzymes, which it believes
have similar or even greater potential and will
remove the reliance on third-party enzyme
suppliers.
Over $5 million in funding awarded
In 2012 and 2013, CO2 Solutions received $5.2
million in grant funding from the federal ecoEN-
ERGY Innovation Initiative and CCEMC towards
a project to optimize and pilot the technology
for CO
2
capture from oil sands production. The
resulting findings showed a process energy
cost reduction of at least one-third compared
to conventional technology, and that spurred
the launch of the more extensive Husky pilot
project that is underway today. “It was a very
important milestone for us to receive this fund-
ing from CCEMC and Natural Resources Cana-
da,” Price said.
“The CO
2
pie is massive enough for us to dedicate all our resources on that.”
