EESTech acquires Canadian carbon & storage technology

Carbon capture and storage (CCS) technology developed in Canada has been acquired by EESTech Inc, a Delaware-based firm focused on the commercialization of green technologies. The CCS technology was purchased through a share swap from CO2 Technologies Pty Ltd, the Australian subsidiary of Regina-based HTC Purenergy. HTC developed the CCS technology in collaboration with the Univ of Regina's Greenhouse Gas Technology Centre and International Test Centre for Carbon Capture. EESTech is a US-registered firm with its head office in Brisbane, Australia. It will combine HTC's technology with its own hybrid coal gas turbine technology to capture CO2 from power stations and other industrial flue gases. The system is said to reduce the cost of carbon capture and storage by up to 40%....