Cansolv Technologies Inc. Acquired by Shell
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Saturday, 06 December 2008 |
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.
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.
"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 (Montreal) and China (Shenzhen). All employees will be retained. The company will
become fully integrated into Shell Global Solutions over time.
PetrolWorld 021208
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