Svante, Storegga to collaborate on global CCUS projects
SUMMARY
Collaboration will focus on developing gigaton-scale projects. [Image: Svante Technologies]
By Dale LunanVancouver-based carbon capture developer Svante Technologies and UK-based carbon management company Storegga said October 17 they had signed a memorandum of understanding (MoU) to collaborate on integrated carbon capture, utilisation and storage (CCUS) projects around the world.
The collaboration leverages Svante’s carbon capture and removal filter technology and Storegga’s experience in transporting and sequestering CO2.
“This new agreement with Storegga is another example of how we’re collaborating with strategic partners across the CCUS value chain to equip our customers with everything they need to achieve their emission reduction targets”, said Matt Stevenson, Svante’s chief revenue officer. “Working with Storegga will address the needs of industrial companies who are looking for environmentally responsible pathways to capture their carbon emissions and either safely sequester them underground or use them to make other products.”
Storegga provides an end-to-end integrated carbon capture and storage (CCS) service for CO2 emitters utilising net zero infrastructure, including CCS and hydrogen projects.
Svante has developed a solid sorbent-based filter technology that can be used to capture CO2 from industrial emissions or in direct air capture (DAC) applications.
Svante and Storegga will work together to evaluate commercial scale projects, integrating Svante’s capture technology and Storegga’s regional planning for CO2 transportation, storage, and overall project development activities. They are actively pursuing projects that have the potential to capture and store CO2at gigaton scale.
“Carbon capture and removal, also referred to as carbon management, is a key pillar the world can lean on in its efforts to decarbonise,” Storegga CEO Dr. Nick Cooper said. “Combining Svante’s capture technology with our experience in project development, and the transportation and storage of CO2, I’m confident that together we can provide our customers with a competitive CCUS project offering.”
