Shell Buys Cansolv Technologies
Wednesday, December 3rd, 2008Shell Buys Cansolv Technologies
12-03-2008
People & Companies in the News
Shell Global Solutions International has purchased 100% of shares of Cansolv Technologies, reports CNW Group. All employees of the company will be retained and it will become fully incorporated into Shell Global Solutions over time.
Cansolv provides technologies designed to counter air pollution and for the control of sulphur dioxide and other contaminants as well as a carbon dioxide capture process for greenhouse gas reductions. Greg Lewin, president of Shell, said, “Cansolv’s promising capabilities in CO2 capture will also allow us to further explore post-combustion carbon capture technology and solutions.”
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Attention Business/News Editors:
Shell Acquires Gas Emissions Treating Specialists Cansolv Technologies Inc.
CALGARY, Dec. 1 /CNW/ - Shell Global Solutions International B.V. today
acquired 100% of the shares of Cansolv Technologies Inc. (Cansolv), a provider
of technologies designed to counter air pollution.
Cansolv offers technology for the control of sulphur dioxide (SO2) and
other contaminants as well as a carbon dioxide (CO2) capture process for
greenhouse gas reductions. Cansolv has a strong research and development
strategy to develop new and enhance existing applications for its
technologies.
The CANSOLV(R) SO2 Scrubbing System removes sulphur dioxide from
combustion gases. SO2 removal helps industries such as oil refining, chemical
processing, utilities and metals to improve environmental performance and meet
regulations that aim to reduce acid rain.
Greg Lewin, President, Shell Global Solutions International B.V., said:
"As global energy demand grows and the availability of easy oil and gas
diminishes, strong gas treating capabilities will be required to help unlock
new resources such as complex contaminated gases or coal, while maintaining
environmental performance.
"We want to improve our capabilities to clean up contaminated gas and
gases released during processing operations, focussing on the reduction of SO2
emissions in the first instance."
"Cansolv's promising capabilities in CO2 capture will also allow us to
further explore post-combustion carbon capture technology and solutions. We
must 'learn by doing' in order to reduce costs, accelerate technology
development and ultimately make carbon capture and storage commercially viable
on the back of emissions trading schemes."
Cansolv's offices are located in Canada (Montréal) and China (Shenzhen).
All employees will be retained. The company will become fully integrated into
Shell Global Solutions over time.
Notes to editors
Shell Global Solutions
Shell Global Solutions provides business and operational consultancy,
catalysts, licensed technologies and research and development expertise to the
energy and processing industries worldwide. Shell Global Solutions has
approximately 5,500 staff located in an extensive network of offices around
the world, with primary commercial and technical centres operating in the USA,
Europe and Asia Pacific.
Shell Global Solutions supports the Shell Group's business activities in
downstream manufacturing, downstream marketing, gas & LNG, production and
project management. Outside of the Shell Group, the company successfully
services refining, chemicals, gas, metals, pulp and paper and motor-sport
customers worldwide.
Cansolv Technologies Incorporated
Cansolv Technologies Incorporated was formed in 1997, through a
management buyout from Union Carbide Corporation, to commercialise and market
the CANSOLV(R) SO(2) Scrubbing System. Since this date, Cansolv Technologies
has demonstrated the capabilities of its regenerable SO(2) control technology
in a variety of applications and now counts seven units in operation, with
several more in the construction or engineering phase. The CANSOLV(R) SO(2)
Scrubbing System has been adopted by industries such as oil and gas and
non-ferrous metals. Cansolv Technologies has maintained a strong research and
development strategy, which has resulted in the development of solvents for
CO(2) capture. Cansolv Technologies offices are located in Canada (Montréal)
and China (Shenzen).
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