Svante Technologies is acquiring Carbon Alpha.
A Global Cleantech 100 company and one of TIME & Statista’s Top Greentech Companies, Vancouver-based Svante makes nano-engineered filters and modular machines that capture and remove CO2.
The well-funded Svante was last year named “Ambition Company of the Year” at the Technology Impact Awards.
Founded in 2021, Calgary-based Carbon Alpha has been advancing its flagship North Star Bioenergy Carbon Capture and Storage project developed in partnership with the Meadow Lake Tribal Council in Saskatchewan.
The project is a “game changer for Svante and a pivotal moment for scaling verifiable, durable engineered carbon removal solutions working in tandem with nature,” according to Claude Letourneau, chief executive officer of Svante.
Svante’s acquisition of Carbon Alpha strengthens the B.C. company’s expertise in geological CO2 storage as part of a fully integrated carbon management company ready to build, own, and operate all elements of the value chain, he says.
“By integrating Carbon Alpha’s team, we’re accelerating the delivery of high‑integrity CDR credits at commercial scale in partnership with the MLTC leadership, who is closely coordinating with us on the North Star Project,” stated Letourneau.
Simon Bregazzi, former chief executive of Carbon Alpha, says joining forces with Svante “marks an important milestone for Carbon Alpha.”
“Our mission has been to accelerate high-integrity carbon dioxide removal through the development of scalable, durable BECCS projects,” says Bregazzi. “Joining with a globally respected and well capitalized organization strengthens our ability to advance that mission with greater scale, certainty, and impact.”
Carbon Alpha’s North Star Project will add carbon capture and storage at the existing MLTC Bioenergy Centre, a forestry biomass cogeneration facility. MLTC, which represents nine First Nations in Saskatchewan, will be co-owner of the facility with Svante.
Meanwhile, a new CO2 pipeline developed by Carbon Alpha will connect the capture facility to permanent geological storage southwest of Meadow Lake.
The next step will be to conduct a front end engineering design study.