Canada: The government has granted a subsidy worth US$20m to Svante for the establishment of a Centre for Excellence for Carbon Capture, Use and Storage in Vancouver, British Columbia. The centre will consist of a filter production plant, headquarters and testing centre. The company said that it will help in the global deployment carbon capture and storage (CCS) solutions ‘at Gigatons scale.’
“Vancouver is the Silicon-Valley of carbon capture technology development,” said Claude Letourneau, the president and chief executive officer of Savante. “Lowering the capital cost of the capture of the CO2 emitted in industrial production is critical to the world’s net-zero carbon goals.” He added “The carbon pulled from earth as fossil fuel needs to go back into the earth in safe CO2 storage.”