Carbon America and Svante Technologies Inc. (Svante) have announced a collaboration to focus on commercial deployment of carbon capture, utilization and storage (CCUS) projects in the United States.
The companies will work together to identify and deploy projects which can rapidly reduce greenhouse gas emissions in the United States. The collaboration leverages Svante’s novel solid sorbent carbon capture technology and Carbon America’s expertise in CCUS project development.
“Carbon capture is a critical component to the energy transition and Carbon America believes that collaboration is needed amongst players in this space to create meaningful change quickly,” said Brent Lewis, CEO of Carbon America. “By combining Carbon America’s project development expertise with Svante’s ready-to-deploy technology, we can more rapidly drive down greenhouse gas emissions across the industrial sector. We’re excited to collaborate with the incredible Svante team.”
Carbon America’s vertically integrated approach to CCUS development – from development to financing, engineering and execution – enables projects to move from concept to operation faster and more cost-effectively. Carbon America’s expertise across the capture-transport-storage value chain helps reduce critical risks along the development path to ensure the long-term success of projects.
“We’re enabling industries around the world to decarbonize their operations with second generation carbon capture and removal technology that is both environmentally responsible and efficient,” said Brett Henkel, Svante’s co-founder & VP strategic accounts and government affairs. “Collaboration is the key to success in this market, and working with companies like Carbon America will enable us to accelerate the deployment of our technology with enhanced ability to finance, build and operate carbon capture projects at scale in an efficient, cost-effective way.”
