Svante’s unique carbon capture and removal technology is comprised of filters coated in nanomaterials and housed inside rotary contactor machines for point source industrial carbon capture. The filters can also be used for direct air capture in which excess CO₂ that has already been emitted is trapped and removed. The technology is more environmentally responsible than existing solutions; it’s also easier to manage, and scalable across industries such as pulp and paper, cement, steel, hydrogen, lime, oil and gas and more. Once the CO₂ is captured, it can then be safely transported and stored more than three kilometres underground or used to make other products.

“We are delighted with this investment by InBC, which complements the $800 million CAD capital investment made in our company over the last decade by global corporate venture and private equity investors.”

— Claude Letourneau, President and CEO, Svante 

Svante is focusing on heavy-emitting, hard-to-decarbonize industries, empowering them to significantly reduce their CO₂ emissions advancing towards a net zero future. The company currently employs over 300 skilled professionals and technicians and is constructing a 141,000-square-foot manufacturing facility in Burnaby, B.C., which will have the filter manufacturing capacity to capture 10 million tonnes of CO₂ every year — equivalent to taking over 2.3 million gas-powered passenger vehicles driven for one year off the road. The latest investment from InBC will help to accelerate the delivery of carbon capture and removal projects domestically and abroad.

InBC invested in Svante following an investment by the Canada Growth Fund. This investment is supporting a strategic growth sector in B.C., increasing jobs and innovation in the province and driving measurable climate action. 

See InBC’s portfolio 

InBC is currently making equity investments into growing, innovative B.C. companies raising a Series A or later round. Learn more and express your interest here.      

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