SEATTLE & VANCOUVER, British Columbia - Friday, 31. January 2025 AETOSWire
The U.S. Department of Energy's (DOE) Industrial Efficiency and
Decarbonization Office (IEDO) has selected Svante’s Pre-FEED
(Preliminary Front End Engineering Design) study for a commercial-scale
carbon capture project to negotiate a cost-sharing agreement of up to
US$1,499,889.
The project represents a transformational approach
for the pulp & paper industry as it will create additional value
from its sustainable biomass to remove carbon dioxide from the
atmosphere.
(BUSINESS WIRE) -- Svante Technologies Inc.
(Svante), a leader in next-generation carbon capture and removal
technology, today announced that it is developing a first-of-a-kind
carbon capture and storage project at the Ashdown Pulp Mill facility in
Arkansas.
This project is a critical step toward deploying
Svante’s next-generation carbon capture technology for the pulp and
paper industry, demonstrating the ability to generate high-quality
carbon dioxide removal (CDR) credits and enhance the sustainability of
the industry’s operations. The project has been selected by the U.S.
Department of Energy's (DOE) Industrial Efficiency and Decarbonization
Office (IEDO) for negotiation of a cost-sharing agreement of up to
US$1,499,889 (Pending Award Number: DE-FE0032652). The DOE funding will
support Svante and project partners Paper Excellence and Wood in
conducting a Pre-FEED (Preliminary Front End Engineering Design) study
to evaluate post-combustion carbon capture from the recovery boilers’
flue gas at the Ashdown pulp mill.
Svante's revolutionary rotary
solid sorbent system, powered by advanced Metal-Organic Framework
(MOF)-based filter technology offers distinct advantages, including:
Significant CO2 Capture Cost Reductions: Svante’s unique ability to use
low-grade waste heat for the carbon capture process significantly
reduces energy consumption and overall cost of capture.
Modular, Simple Capture Plant Design: Svante’s modular capture plant
design reduces capital costs, minimizes the impact on existing factory
operations, and facilitates seamless integration with pulp mills.
Environmental Responsibility: Svante’s solid sorbent nanomaterials are
intrinsically benign and avoid harmful secondary emissions and liquid
waste/effluents, ensuring a cleaner, safer method of carbon capture.
Further, Svante’s filter materials are engineered for sustainable
production and recyclability.
Once the project reaches final
investment decision (FID), it will be transformational for the pulp and
paper industry as it will enable the following:
Remove up to
1.5 million tonnes of biogenic CO2 as the project will target CO2
originating in the atmosphere via sustainable biomass, rather than
“anthropogenic” or man-made CO2.
Unlock new revenue streams
through carbon dioxide removal (CDR) credits in the voluntary credit
market, representing a compelling business case for the pulp and paper
industry.
Demonstrate Svante’s carbon capture technology unique advantage for application in the pulp and paper sector.
Claude
Letourneau, President & CEO of Svante commented “The pulp and paper
industry represents a unique opportunity for technology and nature to
work in tandem to remove CO2 from the atmosphere. Svante's MOF-based
carbon capture technology has the potential to revolutionize how
industrial facilities manage their emissions, and we are confident that
this project will pave the way for wider industry adoption.”
Earlier
this month, Tenaska and Svante announced they had signed a Memorandum
of Understanding to collaborate on end-to-end carbon capture and storage
projects. Tenaska has multiple Class VI applications under review with a
commitment to offering sustainable and economic CCS pathways across the
United States, including the Sugarberry CCS Hub in Texas.
About Svante
Svante
is a purpose-driven, leading carbon capture and removal solutions
provider. The Vancouver, Canada-based company manufactures
nanoengineered filters and modular rotary contactor machines that
capture and remove CO2 from industrial emissions and the air in an
environmentally responsible manner. Svante is on the 2025 Global
Cleantech 100, the XPRIZE Foundation’s XB100 – World’s Top 100 Deep Tech
Companies and was ranked second among private companies in the
Corporate Knights’ Future 50 Fastest Growing Sustainable (Private)
Companies.
For more information, visit www.svanteinc.com and follow Svante on LinkedIn at www.linkedin.com/svantesolutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130240324/en/
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Contacts
Media Contact
Colleen Nitta
Director, Marketing & Communications
Svante
+1-604-970-2813
cnitta@svanteinc.com
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