Displaying items by tag: Svante

Asia/Middle East: South Korea-based Samsung Engineering and Canada-based Svante have signed a new memorandum of understanding (MoU). Under the MoU, the companies will collaborate on the development and deployment of carbon capture technology in cement and other industries in Asia and the Middle East.

Svante President and CEO Claude Letourneau said “Samsung Engineering’s more than 50 years of experience in the energy and industrial sectors will be invaluable as we continue to rapidly expand our operations and filter production capabilities.”

Canada: Lafarge Canada signed a tri-partite agreement with Dimensional Energy and Svante Technologies for the construction of a synthetic hydrocarbons plant to use captured CO₂ from its Richmond cement plant on 15 May 2023. The upcoming plant will convert the Richmond cement plant's 1t/day captured CO₂ emissions into 1.5 barrels/day of synthetic hydrocarbons. The producer, a subsidiary of Holcim, selected this particular solution due to the lack of CO₂ transport and sequestration infrastructure in the area of British Columbia where the Richmond plant is located. The project marks Phase 3 of the installation of Lafarge Canada and Svante's carbon capture project at the Richmond plant.

Holcim's Western Canada regional head of sustainability and environment, Stephanie Voysey, said "Carbon capture is an important lever in our net-zero roadmap. However, for a carbon capture project to succeed, it must be paired with permanent geologic sequestration or utilisation technology that will permanently isolate the CO₂ in a specific media or product. If this pilot can be scaled to capture and use all facility emissions, it would be a first-of-its-kind project for Lafarge and advance export and global adoption of this technology.”

Canada: Chevron New Energies (CNE), a division of Chevron USA, is the lead investor in Svante’s Series E fundraising round, which raised US$318m. The capital will be used to accelerate the manufacture of Svante’s carbon capture technology. Other fundraising round participants include existing shareholders Temasek, OGCI Climate Investments, Delek US and Hesta AG, and new investors, 3M Ventures, Full Circle Capital, GE Vernova, the Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Ventures, TechEnergy Ventures and United Airlines Ventures.

Chevron Technology Ventures made an initial investment in Svante in 2014. In 2020, Chevron launched a project to pilot Svante’s technology to capture CO₂ from post combustion of natural gas. The project has received funding from the US Department of Energy. In collaboration with Svante and the National Energy Technology Laboratory, the technology will be tested at Chevron’s Kern River facility in San Joaquin Valley, California, with start-up scheduled for December 2022.

Svante was founded in 2007 and it has developed carbon capture and removal technology using structured adsorbent beds, known as filters. The latest funding will support Svante’s commercial-scale filter manufacturing facility in Vancouver. Trials using Svante’s technology in the cement sector have been run at Lafarge Canada’s Richmond cement plant in British Colombia and Holcim US’s Florence cement plant in Colorado.

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.”

Canada: Svante has raised US$75m in an investment round. The financing was led by Temasek and includes strategic investors Chart Industries, Carbon Direct and Export Development Canada (EDC). Existing investors OGCI Climate Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group and Chrysalix Venture Capital also participated in the round.

The investment gives the company will allow the company to advance a number of initiatives over the next three years, including work to support several commercial scale carbon capture facilities to address hard-to-abate emissions from industrial operations such as cement manufacturing, blue hydrogen production and natural gas boilers. Svante has now attracted more than US$150m in funding since it was founded in 2007 to develop and commercialise its solid sorbent technology.

“Lowering the capital cost of the capture of the CO₂ emitted in industrial production is critical to the world’s net-zero carbon goals required to stabilize the climate. Leaders from industry, financial sectors and government agree on the enormity of the challenge and the critical need to deploy carbon capture and carbon removal solutions at Gigatons scale. The carbon pulled from earth as fossil fuel needs to go back into the earth in safe CO₂ storage,” said Claude Letourneau, President CEO of Svante.

Canada: LafargeHolcim subsidiary Lafarge Canada, Svante and France-based Total have completed Phase 2 of the CO₂MENT carbon capture and storage (CCS) project at Lafarge Canada’s Richmond cement plant. The completed phase consisted of construction and installation of the CO₂MENT technology to capture and filter the flue gas. Lafarge Canada said that Phase 3, scheduled for construction over the next three years, will include the installation of a liquefaction unit, the development of an expansion project to further reduce emissions and a business case review for further expansion across the Lafarge network

Western Canada president and chief executive officer Brad Kohl said “This has been a turbulent year for business and people due to the Covid-19 pandemic with many large scale projects being put on hold, but the perseverance that the people working at the Richmond cement plant continue to show is evident in the success of Project CO₂MENT.” He added “To continue leading change in the building materials industry means we are always looking to partner with like-minded thought leaders such as Svante and Total. This partnership is showcasing our drive towards a net-zero future, and we are seeing this vision become a reality right now with the completion of this phase.”

US: Holcim US’s 1.9Mt/yr Portland cement plant in Colorado has become the latest site to host a large-scale cement plant carbon capture and storage (CCS) study. Holcim US, in partnership withCanada-based Svante, France-based Total and US-based Occidental subsidiary Oxy Low Carbon Ventures, will install a facility designed to capture 0.73Mt/yr of CO2, which Occidental will take for safe storage underground. The study will assess the financial viability and design requirements of such an installation on a permanent basis.

US: The construction company Cross River has partnered with Canada-based proprietary technology manufacturer Svante to deliver industrial carbon capture and storage (CCS) projects. BusinessWire has reported that Svante has already supplied its CCS pipelines to the 1Mt/yr CO₂ment concrete plant in British Colombia, a joint operation between Swiss LafargeHolcim and French Total which uses captured CO₂ to aerate its concrete.