Solutions 4CO2 Updates on BARD JV
August 23, 2012
oronto, Ontario, Canada-based Solutions4CO2 Inc. (S4CO2) has provided an update on its joint venture and design-build-maintain agreements with Bard Holding, Inc. (BARD).
S4CO2 has been informed by the management of BARD that BARD is undertaking a corporate restructuring that may have an adverse impact on its funding plans, which is likely to affect the scope, timing of delivery and general execution of their Agreements. The Agreements provide for BARD’s capitalization of the Canadian joint venture with S4CO2, as well as the roll-out of up to 24 facilities for which S4CO2 is to provide the CO2 gas capture, infusion and control components and the maintenance thereof.
Solutions4CO2 Inc. has a patented system to capture greenhouse gases from waste gas streams. The system uses these gases in the production of high-value co-products derived from microalgae. The company is focused on designing, building, operating and maintaining these waste gas/water to co-product systems in partnership with large emitters and co-product producers.
Currently, the S4CO2 has no further details on BARD’s restructuring or funding plans. The company’s arrangements with BARD are non-exclusive.