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Carbon Direct Makes First Investment in Svante Carbon Capture Company

Feb 02, 2021•over 4 years ago

Burnaby

Description

Carbon Direct Capital Management LLC announced that it has closed its first equity investment into Vancouver-based Svante Inc, a global carbon capture technology leader using proprietary solid structured adsorbent nano-filters to prevent climate-relevant amounts of CO2 from going into our atmosphere or removing them from air. On February 2, 2021, Svante closed its USD $75 million Series D equity financing. Carbon Direct was a significant participant in the round, which was led by Temasek. Following the Series D financing, Jonathan Goldberg, the CEO of Carbon Direct, will join Svante's board as an observer.

Company Information

Company

Svante

Location

8800 GLENLYON PARKWAY

Burnaby, British Columbia, Canada

About

Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu, Chairman Steven Berkenfeld former Head of Industrial & Cleantech Practice at Barclays Capital, and CEO of OGCI Climate Investments Pratima Rangarajan. To learn more about Svante’s technology, click here or visit Svante’s website at www.svanteinc.com, LinkedIn or Twitter (@svantesolutions).

Company News

(10 articles)

Thu, 30 Jan 2025 08:00:00 GMT

Svante Selected for US DOE Funding to Advance Carbon Capture in the Pulp & Paper Industry - Business Wire

Thu, 15 Dec 2022 08:00:00 GMT

Chevron Invests in Carbon Capture and Removal Technology Company, Svante - Chevron

Tue, 29 Oct 2019 07:00:00 GMT

Inventys Inc. changes name to Svante Inc. - gasworld

Mon, 06 Jan 2020 08:00:00 GMT

Svante, LafargeHolcim, Oxy Low Carbon Ventures and Total launch study for commercial-scale carbon capture and end-use at U.S. plant - TotalEnergies.com

Fri, 14 Jan 2022 08:00:00 GMT

CALF-20: A carbon capture success story - Advanced Science News

Wed, 07 Jul 2021 07:00:00 GMT

Svante Receives $25 Million From Government of Canada for Carbon Capture - Business Wire

Thu, 18 Mar 2021 07:00:00 GMT

Suncor Energy invests in carbon capture technology firm Svante - Global News

Wed, 30 Apr 2025 07:00:00 GMT

Svante and Mercer International Advance Carbon Capture Project at Alberta Pulp Mill - Business Wire

Thu, 16 Jan 2025 08:00:00 GMT

Svante and Tenaska Forge Collaboration to Deliver Fully Integrated Carbon Capture and Storage Solutions - Business Wire

Tue, 02 Feb 2021 08:00:00 GMT

Carbon Direct Makes First Investment in Svante Carbon Capture Company - Business Wire

FundzWatch™ Score

Medium Activity