Svante Technologies, a leading carbon capture and removal solutions provider, appointed Justine Fisher as chief financial officer (CFO). The company has been rapidly scaling since it closed $318 million in its Series E fundraising round in December 2022.
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In a tri-party agreement with Svante Technologies and Dimensional Energy, Lafarge Canada will bring a demonstration of Dimensional’s carbon dioxide utilization technology to its cement manufacturing plant located in Richmond, British Columbia, Canada.
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Chevron New Energies, a division of Chevron USA, is the lead investor in Svante’s Series E fundraising round, which raised $318 million to accelerate the manufacturing of the latter’s carbon capture technology.
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Svante announced that the Canadian government made a C$25 million investment to support the industrialization and commercialization of its novel low-cost carbon capture technology within the North American market.
Read MoreLafarge Canada, Svante and Total S.A. are celebrating the completion of Phase II of Project CO₂MENT, a first-of-its-kind partnership to capture industrial levels of CO₂ emissions from a cement plant.
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