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CO2 Solutions Announces Agreement with Statoil

CO2 Solutions Inc. (CST.V) announced that it has entered into an agreement with Statoil to provide certain project data and reports to the Norwegian-based international energy company. The data and reports are related to the pre-pilot phase of CO2 Solutions' Alberta oil sands project. The value of this agreement is not being disclosed for competitive reasons and will be included in CO2 Solutions' calendar 2013 revenue.

CO2 Solutions is an innovator in the field of enzyme-enabled carbon capture and has been actively working to develop and commercialize the technology for stationary sources of carbon pollution.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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