VANCOUVER, British Columbia & LONDON–(BUSINESS WIRE)–#carboncapture–Svante Technologies Inc. (Svante) and Storegga today announced that they have signed a memorandum of understanding (MoU) to collaborate to deliver integrated carbon capture, utilization, and storage (CCUS) projects around the world.
The two companies will work together to identify, develop, and deploy large CCUS projects, aiming to significantly reduce carbon emissions. The collaboration leverages Svante’s environmentally responsible carbon capture and removal filter technology and Storegga’s expertise in the transportation and storage of CO2.
Storegga provides an end-to-end, integrated, carbon capture and storage service for CO2 emitters utilising net zero infrastructure including carbon capture and storage projects and hydrogen projects.
Svante is a leading carbon capture and removal technology provider that manufactures solid sorbent-based filters that can be used to trap CO2 from the source of heavy industrial facilities’ emissions, preventing it from reaching the atmosphere. The filters can also be used for direct air capture or DAC, in which CO2 that has already been emitted into the in the atmosphere is trapped and removed.
“This new agreement with Storegga is another example of how we’re collaborating with strategic partners across the CCUS value chain to equip our customers with everything they need to achieve their emission reduction targets”, said Matt Stevenson, Svante’s Chief Revenue Officer. “Working with Storegga will address the needs of industrial companies who are looking for environmentally responsible pathways to capture their carbon emissions and either safely sequester them underground or use them to make other products”.
Heavy industries worldwide require assistance in developing solutions for the capture, transport, and storage of the CO2 they emit. Svante and Storegga have the combined knowledge to develop projects including capture, transportation, and utilization/storage of CO2. The parties will work together to evaluate commercial scale projects, integrating Svante’s capture technology and Storegga’s regional planning for CO2 transportation, storage, and overall project development activities.
“Carbon capture and removal, also referred to as carbon management, is a key pillar the world can lean on in its efforts to decarbonize,” said Dr. Nick Cooper, Storegga’s CEO. “Combining Svante’s capture technology with our experience in project development, and the transportation and storage of CO2, I’m confident that together we can provide our customers with a competitive CCUS project offering.”
The companies are actively pursuing projects that have the potential to reduce carbon emissions at gigaton scale.
About Svante
Headquartered in Vancouver, BC, Canada, Svante is a purpose-driven, leading carbon capture and removal solutions provider. The company makes nanoengineered filters and modular rotary contactor machines that capture and remove CO2 in an environmentally responsible way from industrial emissions and the air. Svante is on the 2023 Global Cleantech 100, the XPRIZE Foundation’s XB100 – World’s Top 100 Deep Tech Companies, and was ranked second among private companies in the Corporate Knights’ Future 50 Fastest Growing Sustainable Companies. For more information, visit www.svanteinc.com and follow Svante on LinkedIn www.linkedin.com/svantesolutions
About Storegga
Storegga is an independent, UK-based carbon management business at the forefront of the global Net Zero strategy. It aims to champion and deliver carbon capture and storage (“CCS”), hydrogen, and other subsurface renewable projects in the UK and internationally to accelerate carbon emission reductions.
Through its wholly owned subsidiary, Pale Blue Dot Energy, Storegga is the lead developer of the Acorn Carbon Capture and Storage (“CCS”) and Hydrogen project, providing essential infrastructure to help the UK meet its net zero targets.
For more information, visit https://www.storegga.earth/
Contacts
Svante
Colleen Nitta
Director, Marketing & Communications
cnitta@svanteinc.com
+1-604-970-2813
Storegga
Dentons Global Advisers
Jennifer Walmsley, Fern Duncan
Storegga@dentonsglobaladvisors.com
+44 20 7664 5086
