By Rhea Healy2016-11-14T16:52:00+00:00
Canadian carbon capture and storage technology innovator CO2 Solutions Inc. has agreed to purchase several assets of former US-based competitor Akermin Inc., in a move described as removing “any and all ambiguity” surrounding technology ownership rights.
Missouri-based Akermin, a previous rival of CO2 Solutions in the field of enzyme-based carbon capture, has decided to cease operations and liquidate its assets.
As a result, CO2 Solutions has acquired certain resources of Akermin’s ‘intellectual property’ (IP) under the asset purchase agreement worth $400,000.
On the whole, intellectual property refers to creations of the mind, such as inventions, designs, names and images commonly used in commerce, although the specific details of CO2 Solutions’ asset acquisition remain unspecified at this stage.
Evan Price, President and CEO of CO2 Solutions, emphasised that the IP asset acquisition “further bolsters our portfolio surrounding carbon capture using carbonic anhydrase.”
“Combined with the cessation of operations of Akermin, we think that this acquisition removes any and all ambiguity about which company is the provider of this demonstrated low-cost and environmentally friendly technology to capture CO2 and address the leading environmental issue of our day,” Price added.
At the time of writing, Akermin had not yet responded with a comment.
CO2 Solutions Inc. and Seneca Engineering Inc. have announced that they have entered into an independent collaboration agreement to jointly deploy market opportunities for carbon capture, storage and usage (CCSU) in an industrial setting.
Month on month the gasworld website continues to be the primary portal for information, on a global scale, about our industry - be it through the provision of news and features, or information in the expansive company directory section. Launched in 2004, it is the only independent online news provider and information portal for the global industrial gas community and the larger end-user markets. The website also now incorporates news for gasworld US and Specialty Gas Report.
To find out more about gasworld's advertising opportunities click here.