CO2 Solutions Inc. and Seneca Engineering Inc. have inked an agreement that will see the two companies jointly deploy market opportunities for carbon capture, storage and usage (CCSU) in an industrial setting.

"We believe this collaboration with Seneca will accelerate development of our business pipeline, as well as facilitate project realization," said Evan Price, president and CEO at CO2 Solutions.

The two firms are familiar with each other as Seneca worked with CO2 Solutions on the latter’s Valleyfield carbon capture project.

"The experience gained in the Valleyfield project and the strength of our joint teams will enable us to move quickly on a number of attractive opportunities we have identified,” added said Benoit Couture, president and CEO at Seneca. “We are witnessing growing demand for the deployment of low-cost and sustainable solutions to integrate carbon capture systems on industrial sites, both for sequestration and for reuse purposes, and we are well positioned to offer this technology to our customer base."

Under the terms of the agreement, CO2 Solutions and Seneca will collaborate on bringing to market and building carbon capture solutions, combining CO2 Solutions' low-cost, enzyme-enabled technology with Seneca's process engineering expertise. Through Seneca's collaboration, CO2 Solutions will gain more ready access to a number of potential customers in industries such as food processing, biogas processing and carbonation processes in the mineral extraction sector.