Carbon capture and removal technology provider Svante announced the acquisition of carbon dioxide removal project developer Carbon Alpha, with the transaction aimed at strengthening the company’s position as a fully integrated carbon management provider.
Launched in 2021, Calgary-based Carbon Alpha develops carbon removal and industrial CCS projects and is a supplier of high-quality carbon credits, with a focus on bioenergy with carbon capture and storage (BECCS).
Founded in 2007, Burnaby, British Columbia-based Svante provides structured adsorbent beds – or filters – and modular rotary contactor machines that capture and remove CO2 from industrial emissions, aimed at enabling emissions intensive industries to capture large-scale emissions from existing infrastructure. The company’s solutions are targeted at industrial decarbonization activities in areas such as hydrogen, pulp and paper, lime, cement, steel, aluminum, and chemicals, and the technology can also be used for Direct Air Capture (DAC) solutions.
Simon Bregazzi, former CEO of Carbon Alpha said:
“Today marks an important milestone for Carbon Alpha as we join forces with Svante Development. Our mission has been to accelerate high-integrity carbon dioxide removal through the development of scalable, durable BECCS projects. Joining with a globally respected and well capitalized organization strengthens our ability to advance that mission with greater scale, certainty, and impact.”
The acquisition adds the North Star BECCS Project into Svante’s portfolio. Developed in partnership with the Meadow Lake Tribal Council (MLTC), the project will integrate BECCS at the existing MLTC Bioenergy Centre, a forestry biomass cogeneration facility. The MLTC Bioenergy Centre generates renewable electricity and heat by burning sustainable waste biomass. Phase 1 of the North Star Project is expected to capture up to 140,000 tons of CO2 per year from the facility’s flue gas and other onsite emission sources. MLTC will be co-owner with Svante in the BECCS facility.
Claude Letourneau, President & CEO of Svante, said:
“This project is a game changer for Svante and a pivotal moment for scaling verifiable, durable engineered carbon removal solutions working in tandem with nature. 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.”
