stration. Established in 2017 and set to
be completed by 2019, the VCQ project is
essentially a test area with two stations:
one which demonstrates the carbon cap-
ture technology of CO
2
Solutions; and
the second, which demonstrates these
second-generation CO
2
utilization appli-
cations.
“CO
2
Solutions believes that Quebec has
an important opportunity to take a glob-
al leadership position in developing this
new economic sector,” says Price. “The
VCQ project, made possible thanks to
the provincial government’s support, is a
very important first step towards achiev-
ing this objective. Through its leadership,
CO
2
Solutions intends to mobilize a large
number of partners, and jointly help make
the VCQ project the benchmark in Que-
bec, Canada and throughout the world in
the field of carbon capture and reuse.”
The VCQ has also demonstrated the
company’s process leads the industry for
cost savings, and environmental friendli-
ness, while working to develop and com-
mercialize the technology for stationary
sources of carbon pollution. VCQ has
quickly amassed high-profile members,
including Parachem, a limited partnership
jointly owned by Suncor Energy Inc. and
Société Investissement Québec, and
Hatch Ltd.
McKinsey & Company has described the
50 business elite canada
H
DECEMBER 2017
