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PrimeNewswire.com: CO2 Tech Commissioned to Develop Anti-Global Warming Solutions for Sakhalin II Energy

Project a Joint Venture of Gazprom, Shell, Mitsui & Mitsubishi

LONDON, Jan. 31, 2007 (PRIME NEWSWIRE) (PRIMEZONE) — CO2 Tech (Pink Sheets:CTTD) President, Ms. Helga Schotten, today announced that CO2 Tech, a UK-based provider of cutting-edge, anti-global warming technology solutions announced that CO2 was commissioned to perform environmental effects monitoring and analysis and develop environmental solutions to the Sakhalin II Project, one of the largest new energy development projects in the world today.
 
Sakhalin II, one of the biggest new energy developments in the world, is a joint venture operated by Sakhalin Energy Investment Company Ltd. (SEIC) (owned by OAO Gazprom (Gazprom), Royal Dutch Shell plc (Shell), Mitsui & Co., Ltd. (Mitsui) and Mitsubishi Corporation (Mitsubishi)). Phase I of the project produces oil from an offshore platform, while Phase II includes two further offshore platforms, 1800 km of pipelines and Russia’s first LNG plant. Peak production is expected to reach 180,000 barrels per day, and 9.6 million tons of LNG per year.

The construction of Sakhalin II is the largest inward investment in Russia and the largest integrated oil and gas project in the world. The objective of the Sakhalin Energy project is to commercially develop, operate and market the huge energy reserves in frontier and arctic environments in Russia, for the sustainable benefit of shareholders, the Russian Federation, the Sakhalin Oblast and the wider community.

CO2 will conduct an environmental analysis of the project delivery routes in terms of detrimental effects on forests, which has a direct impact on oxygen concentrations in the atmosphere. CO2 will also monitor potential emissions from the project’s systems, and develop appropriate environmental solutions to the project’s partners.

The absence of existing infrastructure means it is being built from scratch in sub-Arctic conditions. These reserves pose huge challenges for the oil and gas sectors. The project brings new management techniques as the first mega-project in the Russia Federation requiring the simultaneous execution of several large-scale sub-projects.

You can read more about Sakhalin II at http://www.shell.com/home/Framework?siteId=envandsoc-en&FC2=/envandsoc-en/html/iwgen/projects_and_locations/sakhalin/sakhalin_26042006.html

About CO2 Tech

CO2 Tech, a UK-based company provides cutting-edge, sophisticated anti-global warming technologies along with a full range of expert consulting, and environmental products and services to businesses, industries and governments. CO2 Tech’s innovative approach provides high quality, maintenance-friendly system solutions that offer cutting-edge technological developments and outstanding reliability. CO2 Tech has extensive first hand experience with all major air pollution control equipment including air pollution control systems, removal of fine solid particles from gas/air units, evaporator units, reduced CO2 emission units.

CO2 Tech offers its customers the benefits of its cutting-edge technological products, proprietary innovations and rich experience in industrial applications of control equipment, with petroleum, factories, mining, metals, boilers, glass, chemicals, woodworking, quarries, textiles and most other heavy industries. CO2 Tech fosters strong partnerships and alliances with leading environmental engineering companies and research institutions worldwide to develop, manufacture and market high-quality instruments, systems, and services for its clients.

You are invited to learn about CO2 Tech and the full range of its technologies and services at our website http://www.co2-tech.com. For more information, please contact [email protected] or visit us on our website at www.co2-tech.com.

Forward-Looking Statements

Certain statements in this news release may contain “forward-looking” information within the meaning of the Federal securities laws. All statements, other than statements of fact, included in this release may include forward-looking statements that may involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances or to reflect unanticipated events or developments.

CONTACT:  CO2 Tech Ltd.
          Ms. Helga Schotten
          +44 (845) 869 4553
          Fax: +44 (845) 020 4259

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