Inventys Inc., a Canada-based company whose technology captures carbon directly from industrial sources at half the capital cost of existing solutions, is changing its name to Svante Inc., effective immediately.
Named after Nobel Laureate Svante Arrhenius, one of the first scientists to identify the atmospheric carbon-climate change connection, Svante is the first name in commercially viable, economically scalable, second generation carbon-capture technology. The new name signals the company’s evolution from a technology development company to a commercial enterprise, poised to help its customers transition to a net-zero carbon future.
A single 3,000-tpd plant using Svante’s proprietary solid sorbent technology is capable of capturing more than 1 million tonnes of carbon annually – the equivalent to eliminating emissions from more than 200,000 cars per year or doing the job of 10 million trees. Svante’s technology is currently scalable from 30 tpd up to 5,000 tpd.
“The world is facing a global climate crisis because we emit more CO₂ and greenhouse gases than the earth’s forests, oceans and other natural systems can absorb,” said Claude Letourneau, president and chief executive officer of Svante. “Svante’s cost advantage, combined with progressive policies like the United States’ 45Q tax credit, can make carbon capture profitable across a wide range of largescale industrial applications such as cement, steel, plastic, fertilizers and hydrogen. And that means Svante is uniquely positioned to help governments and key global industries join the fight against climate change.”
Svante’s technology is currently being deployed in the field at pilot plant-scale by industry leaders in the cement manufacturing and energy sectors. Over the next four years, Project CO₂MENT – a partnership between LafargeHolcim, Svante and Total S.A. – will demonstrate and evaluate Svante’s CO₂ capture system and a selection of LafargeHolcim’s carbon utilization technologies at its Richmond, B.C., Canada, plant. The project has three phases and is expected to be fully operational by the end of 2020. Separately, the construction of a 30-tpd demonstration plant was completed this summer at Husky Energy’s Pikes Peak South thermal project in Saskatchewan, Canada.