NOV 2014
H
business elite canada 13
The company is making huge strides in CO
2
capture. Opportunities are opening up in sev-
eral industries outside of oil and gas, including
beverage carbonation, pulp and paper produc-
tion, water filtration, greenhouse applications
and chemical production. As of June 30, 2014,
they had 46 issued and 37 pending patents
broadly covering the use of the CA enzymes for
carbon capture. “I’m proud of the whole port-
folio in the sense that it gives us a very domi-
nant position in this space; that we are really,
truly the pioneers in carbon capture technol-
ogy,” Price said.
Though the initial intent of CO
2
Solutions was
aimed at regulated markets where they hoped
to influence changes in government regula-
tions surrounding CO
2
emissions and the effect
on climate, it became clear that widespread,
impactful laws would be slow in coming. “One
of the few programs with any teeth is hap-
pening in Alberta where in 2007 the province
promulgated the Specified Gas Emitters Regu-
lation. This carbon tax requires a $15/tonne
contribution be made to the CCEMC on some
emissions,” Price explained. That money is go-
ing back into projects designed to further re-
duce emissions.
CO
2
Solutions decided to focus its efforts in
