Carbon-capture company Svante raises $75M to trap emissions at their source

Claude Letourneau, president and CEO of Svante. (Svante Photo)

Vancouver, B.C.-based Svante has closed a $75 million funding round. The company calls it “the largest private investment into point source carbon capture globally to date.”

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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