Articles from Svante Technologies Inc.

Svante Technologies Inc. (Svante), a leader in carbon capture and removal technology, today announced that its joint carbon capture and storage project with Mercer International Inc. (Mercer) has advanced to the Front-end Engineering and Design Phase 2 (FEL-2). Also known as Pre-FEED, this phase involves engineering, cost estimation, and risk analysis to evaluate the project's commercial viability. Mercer is a global producer of sustainably sourced forest products, including pulp, lumber, mass timber, biomass-based green energy, and bioextractives.

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Svante Technologies Inc. (Svante), a leader in next-generation carbon capture and removal technology, today announced that it is developing a first-of-a-kind carbon capture and storage project at the Ashdown Pulp Mill facility in Arkansas.

Svante Technologies Inc. (Svante), a global leader in carbon capture and removal technology, and Speed Skating Canada today announced a climate change awareness and education campaign, “Save the Ice” at the ISU World Cup Speed Skating event in Calgary. The campaign aims to raise awareness about the impact of global warming on winter sports, including speed skating. It enables Canadians to make a personal impact on the climate by watching and sharing a video featuring renowned Canadian Olympic speed skater, Gaetan Boucher, discussing how climate change is impacting the sport. For every video share, Svante will remove half a kilogram of CO₂* from the atmosphere via their direct air capture (DAC) partner and fellow Canadian carbon removal company, Deep Sky, subject to certain terms and conditions.

Svante Technologies Inc. (Svante), a leading innovator in carbon capture and removal technology, and Tenaska, a prominent CO2 transportation and sequestration service provider, have signed a Memorandum of Understanding (MOU) to collaborate on delivering cost-effective, integrated solutions for industrial carbon capture and storage (CCS). This collaboration represents a significant step toward addressing global industrial emissions and advancing the decarbonization of many industrial sectors, including pulp & paper, cement, steel, oil & gas, and more.

Canada Growth Fund Inc. (“CGF”) and Svante Technologies Inc. (“Svante” or the “Company”), a leading global carbon capture and removal solutions provider headquartered in Vancouver, Canada, announced today a financing commitment of up to US$100 million to accelerate the development and construction of Svante’s commercial carbon capture and removal projects in Canada and the US.

Climeworks has signed a collaboration and supply agreement with Svante Technologies Inc. (Svante), a leading carbon capture and removal solutions provider. The companies agreed to jointly plan the supply of Svante’s contactor blocks for three major Climeworks projects, intending to lead to a commercial-scale supply agreement, whereby Climeworks would purchase Svante’s contactor blocks for its planned megaton direct air capturing hubs in the US.

Svante Technologies Inc. (Svante), a leading carbon capture and removal solutions provider announced today that it has appointed Justine Fisher as its Chief Financial Officer (CFO). The company has been rapidly scaling since it closed US$318 million in its Series E fundraising round in December 2022, nearly doubling its employee headcount, and appointing a new Chief Operating Officer (COO), Chief Revenue Officer (CRO), and Chief Commercial Officer (CCO).

Svante Technologies Inc. (Svante) and Storegga today announced that they have signed a memorandum of understanding (MoU) to collaborate to deliver integrated carbon capture, utilization, and storage (CCUS) projects around the world.

Svante announced today that it has entered into an arm’s length Commercial Supply Agreement with BASF to scale up its proprietary sorbent material, Calgary Framework 20 (CALF-20), used in Svante’s carbon capture process. This metal-organic framework (MOF) sorbent can capture up to 95% of carbon dioxide (CO2) emitted from industrial sources, such as cement and blue hydrogen plants, using rapid solid adsorption and low-pressure steam.

Canada’s leading carbon removal project developer, Deep Sky, has joined forces with carbon capture and removal solutions provider Svante Technologies Inc. (Svante) to evaluate the feasibility of sequestering CO2 in Southern Quebec. Together, the companies will fund research to study the ability to capture, transport and store CO2. The duo has engaged carbon management consulting firm Sproule to complete the geological subsurface research.

Carbon capture and removal solutions provider, Svante Technologies Inc. (Svante), announced today that it has been recognized on the XB100, a notable ranking of the world’s top 100 private deep tech companies published by XPRIZE and Bessemer Venture Partners. The company has also been recognized as a finalist in the BC Tech 2023 Technology Impact Awards (TIAs).

Carbon America and Svante Technologies Inc. (Svante) have announced a collaboration to focus on commercial deployment of carbon capture, utilization and storage (CCUS) projects in the United States.