Canada Growth Fund to Invest up to US$100M in Svante Technologies
Summary
Svante Technologies, a Vancouver, BC, Canada-based carbon capture and removal solutions provider, received an up to US$100M investment from Canada Growth Fund. The company intends to use the funds to accelerate the development and construction of its commercial carbon capture and removal projects in Canada and the US. Led by CEO Claude Letourneau, Svante Technologies is a carbon capture and removal solutions provider that manufactures nanoengineered filters and modular rotary contactor machines that capture and remove CO from industrial emissions and the air in an environmentally responsible manner. It is transformational for Svante and complements the US$145 million capital investment made in our new carbon capture and removal filter manufacturing facility under construction in Vancouver. This new offering bridges the gap for our customers as it enables them to reach final investment decision.”