Svante, Deep Sky to evaluate Quebec CCS potential
SUMMARY
Quebec checks all the boxes for wide deployment of CCS, Svante says.
By Dale LunanCarbon capture company Svante and Montreal-based Deep Sky, which aims to be a gigatonne carbon removal project developer, said August 17 they would evaluate the feasibility of sequestering CO2 in Quebec’s St Lawrence River Valley.
The companies will fund research to study the ability to capture, transport and store CO2. Carbon management consultant Sproule has been engaged to complete geological subsurface research.
Deep Sky is working to build large-scale carbon removal and storage infrastructure in Canada, bringing together the most promising removal technologies to commercialise solutions at scale. The project with Svante is its first in Quebec.
“Canada is on track to become the world leader in carbon removal,” Deep Sky co-founder Fred Lalonde said. “By combining Deep Sky’s project development expertise with Svante’s ready-to-deploy technology and Sproule’s geology research, we can drive down greenhouse gas emissions and deliver carbon credits to the market at hyper speed.”
Svante’s carbon capture and removal technology uses structured adsorbent beds to capture CO2 from hard-to-abate industrial emissions but can also be used in direct air capture (DAC) applications.
“For DAC to succeed, it will be critical to find geographical locations that have substantial and safe storage potential, and that are able to provide abundant and affordable renewable energy,” Svante CEO Claude Letourneau said. “We believe Quebec meets these criteria and is poised to become a leader in a new high-growth industry to deploy carbon management solutions. We can leverage the region’s vast renewables and hydroelectric energy needed to safely trap and store CO2 in deep underground saline aquifers.”
