Climate Finance | February 4, 2021

Canada’s Svante raises $75 million to capture carbon at scale

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, Feb. 4 – The Vancouver-based developer of point-source carbon capture technologies will work to address emissions from cement manufacturing, blue hydrogen production and natural gas boilers. Founded in 2007, Svante’s solid sorbent technology has halved the cost of capturing industrial carbon emissions.

“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,” said Svante CEO Claude Letourneau.

Climate tech investors. Svante has raised over $150 million to date. Its Series D round was led by Singapore’s Temasek, with participation from Chart Industries, Carbon Direct and Export Development Canada, Chevron Technology Ventures and others.