Climeworks and Svante collaborate in development and supply for direct air capture

The US Department of Energy selected Climeworks to develop three of these hubs, in Louisiana, California, and North Dakota, making the company eligible for a total of more than US$600 million in government funding.

The collaboration allows both partners to agree on intermediate goals, and to jointly proceed to the next phase of development. “Delivering large-scale direct air capture required us to approach this collaboration with flexibility on the development of project specifications while retaining rigorous accountability for the success of the overall project,” said Claude Letourneau, President and CEO of Svante. “We’ve been closely collaborating with Climeworks over the past three years, and because of that proximity, we felt comfortable entering into this kind of arrangement. The combination of our advanced technologies represents a significant step forward in the nascent direct air capture industry, playing a critical role in meeting the world’s net zero ambitions.”

Svante is in the final stages of building its commercial filter manufacturing facility, The Centre of Excellence for Carbon Capture and Removal, in Vancouver, BC, Canada. The Centre is equipped to supply both the industrial point source post-combustion carbon capture market and the direct air capture market. Svante has anticipated and prepared for the event where the agreement with Climeworks takes up a significant portion of the Centre’s capacity and has secured additional coating capacity with its partner, 3M.

“We are focusing on the massive growth of our carbon removal technology to create climate impact,” said Jan Wurzbacher, Co-Founder and Co-CEO of Climeworks. Svante is one of the key players in the ecosystem to support us in our journey to scale to a gigaton capacity.”

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/01022024/climeworks-and-svante-collaborate-in-development-and-supply-for-direct-air-capture/