Svante, a leading innovator in carbon capture and removal technology, and Tenaska, a renowned CO2 transportation and sequestration service provider, have officially entered into a Memorandum of Understanding (MOU) to collaborate on delivering fully integrated, cost-effective solutions for industrial carbon capture and storage (CCS). This partnership represents a major milestone in the global fight against industrial carbon emissions and aligns with broader decarbonization goals across key industries such as pulp and paper, cement, steel, oil and gas, and other emission-intensive sectors.
A Strategic Collaboration for a Sustainable Future
Under the terms of the non-exclusive MOU, Svante and Tenaska will leverage their respective expertise and resources to create a seamless, end-to-end CCS value chain for industrial clients. Svante’s advanced solid sorbent-based carbon capture technology will enable efficient and environmentally responsible CO2 capture, while Tenaska will contribute its extensive experience in regional planning and infrastructure development for CO2 transportation and permanent underground sequestration.
With a robust portfolio of CCS projects in the pipeline, Tenaska has already filed Class VI permit applications for nearly 20 injection wells across multiple U.S. states. These projects will be instrumental in creating a reliable infrastructure network that can support large-scale CO2 storage and enhance the feasibility of industrial decarbonization efforts.
Key Objectives of the Svante-Tenaska Partnership
The collaboration between Svante and Tenaska is designed to simplify the decarbonization journey for industrial emitters by addressing critical challenges in carbon capture and storage. Their joint initiative will focus on three core areas:
- Integrated Carbon Management Solutions:
- Svante will be responsible for capturing CO2 emissions at industrial facilities, using its innovative solid sorbent-based technology to facilitate efficient CO2 removal.
- The company will also handle associated processes such as CO2 compression, conditioning, and liquefaction to prepare the captured carbon for transportation.
- Tenaska will oversee the safe and secure transport and permanent underground storage of captured CO2, ensuring compliance with regulatory and environmental standards.
- North America-wide Outreach and Customer Engagement:
- The partnership will proactively engage with industrial emitters across North America, educating businesses on the benefits of CCS and offering customized solutions tailored to their specific operational needs.
- By working closely with stakeholders, the companies aim to accelerate the adoption of carbon capture technology and provide industries with viable pathways to meet emissions reduction targets.
- Innovative Project Development:
- Svante and Tenaska will work together to identify and assess commercially viable CCS opportunities, leveraging their combined technical and operational expertise.
- The partnership will focus on expanding the deployment of scalable CCS solutions that enable industries to reduce their carbon footprint without compromising operational efficiency.
Leadership Perspectives on the Partnership
Key executives from both companies have expressed their enthusiasm for this strategic collaboration, emphasizing its potential to drive significant progress in industrial decarbonization efforts.
“This collaboration is well aligned with Svante’s mission to make carbon capture accessible for industries worldwide,” said Matt Stevenson, Chief Revenue Officer of Svante. “By combining our technology with Tenaska’s extensive experience in CO2 transportation and storage, we can offer end-to-end solutions that accelerate the transition to a net-zero future.”
Bret Estep, Vice President of Tenaska Development, echoed this sentiment, highlighting the complementary nature of the partnership. “Recognizing the synergies with our CCS development platform, Tenaska is proud to work with Svante to advance innovative solutions for carbon management,” he stated. “Together, we aim to provide industrial customers with the tools and confidence to achieve their decarbonization goals.”
A Shared Vision for a Low-Carbon Economy
The Svante-Tenaska partnership underscores a shared commitment to enabling industries to achieve sustainable operations while maintaining economic competitiveness. By offering an integrated and scalable CCS solution, the two companies aim to unlock new opportunities for industries to meet their environmental commitments, reduce regulatory risks, and contribute to a cleaner, more sustainable future.
About Svante
Svante is a purpose-driven company at the forefront of carbon capture and removal solutions. Headquartered in Vancouver, Canada, Svante specializes in the development of nanoengineered filters and modular rotary contactor machines designed to capture CO2 from industrial emissions and the atmosphere in an environmentally responsible manner. Recognized as one of the most promising clean technology companies, Svante has been featured on the 2024 Global Cleantech 100 list, the XPRIZE Foundation’s XB100 list of the World’s Top 100 Deep Tech Companies, and was ranked second among private companies in Corporate Knights’ Future 50 Fastest Growing Sustainable Companies.
