Under the terms of the agreement, CO2 Solutions and Hatch will collaborate on delivering carbon capture systems integrating CO2 Solutions’ low-cost, environmentally benign, enzymatic technology in large industrial environments. Within these projects, CO2 Solutions will license its proprietary technology and Hatch will provide its globally renowned engineering and project delivery expertise.
In conjunction with this agreement, Hatch announced that it is the provider of engineering services to the previously announced $15 million Valorisation Carbone Québec (VCQ) project. The objective of the VCQ project, which is being led by CO2 Solutions, is to demonstrate CO2 capture and beneficial reuse at large scale in an industrial facility, and to support the development of second generation reuse applications.
This project will centre on CO2 Solutions enzymatic capture technology and draw on the most promising reuse applications and development efforts worldwide. Hatch will play a key role in enabling CO2 Solutions to reach the objectives of the VCQ project and in jointly delivering demonstrated capture and reuse solutions.
"This collaboration with Hatch will be central to the success of our Valorisation Carbone Québec Project and instrumental in building our commercial pipeline of opportunities on a global scale,” stated Evan Price, President and Chief Executive Officer of CO2 Solutions. “By combining our technology with Hatch’s expertise, we will be able to accelerate business development and deliver projects to the satisfaction of a broad and diverse customer base”.
“At Hatch, we recognize that sustainability requires the optimization of environmental, social and economic outcomes and is at the core of how Hatch delivers value to our clients as a socially responsible company. This collaboration with CO2 Solutions supports the Hatch goal to plan, design and implement projects with our clients that focus on sustainable value creation,” said Hatch’s CEO, John Bianchini.