Svante has secured USD $75 million in a Series D financing round, marking the largest private investment in point source carbon capture globally, to advance its innovative carbon capture technologies across key industries.

Information on the Target

Svante is a leading global player in carbon capture technology, focusing on providing economically viable solutions for carbon dioxide (CO2) capture in emissions-intensive industries such as cement, chemicals, and oil & gas. By utilizing proprietary solid structured adsorbent nano-filters, Svante enables companies to significantly reduce large-scale CO2 emissions from their existing infrastructure. This innovative approach allows for the capture of climate-relevant CO2 either for safe storage or for recycling into further industrial processes.

The company has positioned itself to dramatically decrease the costs associated with carbon capture, aiming to bring costs below $50 per ton at scale. Currently, Svante is deploying pilot projects in partnership with industry leaders, showcasing its technology's potential to cleanly transform traditional industries and contribute to climate change mitigation.

Industry Overview in Canada

The carbon capture and storage (CCS) industry in Canada has gained traction, supported by increasing governmental initiatives aimed at reducing greenhouse gas emissions. As one of the countries leading the charge against climate chan