CO2Solutions Inc. provided an update on the Valorisation Carbone Québec project (VCQ), which was first announced by Mr. David Heurtel, the Quebec Minister of Sustainable Development, the Environment and Climate Change, and is supported through a Quebec government grant of USD 15 million. Built around the Corporation's proprietary enzymatic CO2 capture technology, the VCQ project goals are to promote the development and demonstration of commercially viable solutions to capture and utilize CO2 in value-added applications. The Corporation's 10 tonne-CO2 per day capture unit, which was relocated over the summer from Valleyfield (QC) to the Parachem facility in Montreal-East (QC), was successfully started up in late August. Certain process improvements were implemented during reassembly and the Corporation reported that the capture unit's performance results are meeting or exceeding all expectations. Further upgrades will be installed to the unit this fall to reflect the Corporation's continued innovation. Over the coming months, CO2 Solutions intends to continue to operate the unit and optimize its output to supply the CO2 utilization technologies to be installed adjacent to the unit. On September 14, 2017, the Corporation announced it was welcoming Kiverdi, a corporation based in Hayward, California, to the VCQ project. Kiverdi has developed a proprietary bio-process that converts CO2 into high-value oils, protein, and bio-based products. Under the terms of the agreement, CO2 Solutions, through the VCQ Project, will fund the construction of a Kiverdi CO2 conversion unit, as well as fund its subsequent operation at the Parachem site. The market for bio-based products is predicted to grow to an estimated USD 375 to USD 441 billion dollars by 2020, making its inclusion in the VCQ project a great opportunity for the emerging carbon utilization economy. Recently, the Corporation included a utilization technology that converts CO2 into methanol and DME. Methanol is an important commodity in the chemical industry, representing a global market estimated at USD 8 billion dollars annually. DME is a clean-burning fuel with similar properties to propane. When obtained from CO2 emissions, these two important chemicals significantly contribute to the reduction of GHG's. Carbon Consult Group Inc., experts in the field of GHG emission reduction strategies and consulting, has been appointed as the official partner for measuring and validating the impact on greenhouse gases of the carbon capture and utilization technologies being tested within the VCQ project. As such, CCG will be the authority confirming the quantity of CO2 mitigated by the Corporation's CO2 capture technology and the various utilization partners' technologies.