Quebec City-based CO2 Solutions Inc. is now exploring business opportunities in the algae production and biofuels arenas after receiving a US$37,5000 purchase order for its carbonic anhydrase enzyme from a US company. The enzyme is used in the capture of CO2 emissions from a variety of flue gases.

“While CO2 capture and reuse is our current focus, there are other market applications for robust and low-cost carbonic anhydrase enzyme, such as its use for algae production, which are covered by our intellectual property,” said Evan Price, president and CEO at CO2 Solutions. “We are well positioned to serve these markets and look forward to working with this company and others in the high potential algae and biofuel production segment.”

The sale of carbonic anhydrase to this leading provider of innovative technology is a trial to quantify the benefits of using the enzyme to enhance the production of algae. A positive result of this trial and the commercialization of this algae-based technology could lead to further sales. Algae cultivation and processing is considered as an environmentally attractive method to produce biofuel and other value-added bio-products.