Carbon-capture company Svante raises $75M to trap emissions at their source
Claude Letourneau, president and CEO of Svante. (Svante Photo)
Since launching in 2007, the Canadian company has developed a technology for trapping industrial carbon emissions where they’re released — such as facilities responsible for cement manufacturing, blue hydrogen production and natural gas boilers.
“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
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