Solutions4CO2 (S4CO2), a Canadian waste gas/water to co- products company, has signed its second joint venture (JV) agreement with US-based algae production firm BARD Holding to develop an algae biomass production facility in the Midwest region of the US.

As per the agreement, a commercial production facility will be developed to produce algae biomass to be processed into bio-plastics and other high value added co-products.

S4CO2 president Doug Kemp-Welch said through the JV structure, S4CO2 will be responsible for designing, building, operating and maintaining the facilities on behalf of the JV company.

"This leverages the strengths of S4CO2 and its state-of-the-art monitoring systems, enabling optimal outcomes for the facility and significant revenue generation potential for the company. It also represents a key milestone of exporting the S4CO2 technology into global markets," Kemp-Welch said.

BARD founder and CEO Surajit Khanna said there is a great deal of synergy captured by combining the leading technologies of both the parties to provide excellent efficiencies for the waste gas to co-products value chain.

"S4CO2 is an integral technology and business partner for us in the realization of the waste gas to co-products facilities under development for the US market," Khanna said.

The production facility is scheduled to open in early 2013.

S4C02 and BARD recently entered into a JV to develop a 10,000ft² algae production and processing facility at the Bluewater Energy Park in Sarnia, Ontario, Canada.