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Burnaby-based Svante Named to Prestigious 2021 Global Cleantech 100 List
Thursday, December 24, 2020Company Profile | Follow Company
Burnaby, BC, December 24, 2020--(T-Net)--Burnaby-based Svante, a Global Cleantech 100 returnee previously known as Inventys, has been named to the Prestigious 2021 Global Cleantech 100 List.
In total, more than 11,500 companies from more than 75 countries were nominated this year. Nominees were weighted and scored to create a shortlist of 321 companies reviewed by the 91 members of our Expert Panel.
The final list contains the companies the market agrees are well-positioned today to make significant impact in the next 5-10 years.
Svante, a Global Cleantech 100 returnee previously known as Inventys, has developed technology for capturing CO2 directly from industrial sources, and is getting early-stage traction.
In January 2020, the company announced a joint study with LafargeHolcim, Oxy Low Carbon Ventures and Total. The study aims to assess the viability and design of a commercial-scale carbon-capture facility at the Holcim Portland Cement Plant in Florence, Colorado.
In February 2020, Chevron commissioned a study with Svante to evaluate the feasibility and design of a 10,000 ton-per-year carbon capture unit in one of Chevron's California facilities.
About Svante
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante's Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; former Airbus Group's Chief Technical Officer Jean Botti; and Ganesh Kailasam, Technical Director of the Oil and Gas Climate Initiative.
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