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As carbon-capture industry struggles to scale up, Svante charges ahead with filter manufacturing plant.
- Source :
- Logic (Logic Inc.); 10/9/2024, p1-1, 1p
- Publication Year :
- 2024
-
Abstract
- Svante, a carbon-capture company based in Burnaby, B.C., is constructing a $165 million manufacturing plant to produce carbon filters on a large scale. The plant is expected to be operational in the first half of next year and will play a crucial role in advancing the carbon capture and storage (CCS) industry. Svante's technology uses nanomaterials to separate carbon dioxide from other gases, and the company claims that its process is cheaper and ready for commercial-scale installations. While Svante initially targets direct air-capture projects, it has gained traction in the sector and has received significant funding and support from major players such as Chevron, 3M, and Temasek. [Extracted from the article]
- Subjects :
- CARBON sequestration
TAX credits
SOVEREIGN wealth funds
PLANT size
VENTURE capital
Subjects
Details
- Language :
- English
- Database :
- Complementary Index
- Journal :
- Logic (Logic Inc.)
- Publication Type :
- Periodical
- Accession number :
- 180192112