Svante and Climeworks collaborate on CCS technology development

Jan 29 2020


Svante (formerly Inventys) and Climeworks have signed an agreement to collaborate on the development of carbon capture technology solutions to enable customers to transition to a net-zero-emissions future.

Svante offers companies in industries with unavoidable emissions, such as concrete and steelmaking, a commercially viable way to capture large-scale CO2 emissions from existing infrastructure at half the capital cost of traditional solutions. Climeworks offers the worldwide first commercial Direct Air Capture (DAC) solutions to remove CO2 from the atmosphere. By capturing CO2 from air, DAC solutions can unlock a climate-positive future. By working together, the two companies can accelerate the development and adoption of both technologies for customers across industries and applications.

The Joint Development Agreement (JDA) will enable Svante’s and Climeworks’ respective carbon capture technology solutions to be scaled-up faster and effect a transition to a net-zero-emissions future sooner. The combination of Climeworks’ revolutionary DAC solutions with Svante’s source capture technology will support further development of climate-positive carbon solutions for both carbon removal and industries with unavoidable emissions.

“We strive to deliver the world’s most robust and scalable DAC solutions,’’ said Christoph Gebald, the Climeworks co-founder. “By combining our cutting-edge DAC solution with Svante’s filter technology, we create a potentially game changing DAC solution.”

“Climeworks is an ideal partner for a large-scale rollout of market-ready technology to provide a zero-CO2 emission solution. Climeworks’ and Svante’s cost advantage, combined with progressive policies like the United States’ 45Q tax credit and the Low Carbon Fuel Standard (LCSF) credits, can make carbon capture and removal profitable across a range of large-scale industrial applications.’’  said Claude Letourneau, Svante’s President and CEO.

Further potential benefits include the use of waste heat from Svante’s industrial carbon capture system for Climeworks’ direct air capture process.

Svante
Climeworks


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Issue 74 - Mar - Apr 2020

CCUS in the U.S. - CCUS: the role of U.S. leadership .. A roadmap to at-scale CCUS deployment in the U.S. .. Options for negative carbon emissions in California .. ION Clean Energy - a billion tonnes of CO2 by 2050 CO2 DataShare launches open, digit.....


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