Joint development deal for CO2 capture tech extended
Clean tech firms CO2 Solution Inc. and Codexis Inc. are extending their carbon capture joint development agreement.
QUEBEC CITY: Clean tech firms CO2 Solution Inc. and Codexis Inc. are extending their carbon capture joint development agreement.
Originally announced Dec. 15, 2009, the agreement covers the companies’ collaboration on the development of customized processes that capture CO2 from power plants and other large, stationary emitters.
CO2 Solution is a Quebec City-based developer of carbon capture technology, and Codexis is a Redwood, Calif. developer of biocatalysts. They’re collaboratning with an unidentified global energy company to develop enzyme carbonic anhydrase biocatalysts and related processes, which are being pilot tested for use in a coal-fired power plants.
“The combined CO2 Solution/Codexis proprietary technologies have the potential to significantly lower the capital and operating cost barriers associated with conventional technologies to capture CO2 from power plant effluent gases,” the companies said in a statement.
They said the joint development agreement will be extended to June 30, 2012, or six months after the expiry of any third-party collaborations.