Source: Businesswire India
Svante Technologies Inc. (Svante), a leader in next-generation carbon capture and removal technology, today announced that it is developing a first-of-a-kind carbon capture and storage project at the Ashdown Pulp Mill facility in Arkansas.
This project is a critical step toward deploying Svante’s next-generation carbon capture technology for the pulp and paper industry, demonstrating the ability to generate high-quality carbon dioxide removal (CDR) credits and enhance the sustainability of the industry’s operations. The project has been selected by the U.S. Department of Energy's (DOE) Industrial Efficiency and Decarbonization Office (IEDO) for negotiation of a cost-sharing agreement of up to US$1,499,889 (Pending Award Number: DE-FE0032652). The DOE funding will support Svante and project partners Paper Excellence and Wood in conducting a Pre-FEED (Preliminary Front End Engineering Design) study to evaluate post-combustion carbon capture from the recovery boilers’ flue gas at the Ashdown pulp mill.
Svante's revolutionary rotary solid sorbent system, powered by advanced Metal-Organic Framework (MOF)-based filter technology offers distinct advantages, including:
Once the project reaches final investment decision (FID), it will be transformational for the pulp and paper industry as it will enable the following:
Claude Letourneau, President & CEO of Svante commented “The pulp and paper industry represents a unique opportunity for technology and nature to work in tandem to remove CO2 from the atmosphere. Svante's MOF-based carbon capture technology has the potential to revolutionize how industrial facilities manage their emissions, and we are confident that this project will pave the way for wider industry adoption.”
Earlier this month, Tenaska and Svante announced they had signed a Memorandum of Understanding to collaborate on end-to-end carbon capture and storage projects. Tenaska has multiple Class VI applications under review with a commitment to offering sustainable and economic CCS pathways across the United States, including the Sugarberry CCS Hub in Texas.
About Svante
Svante is a purpose-driven, leading carbon capture and removal solutions provider. The Vancouver, Canada-based company manufactures nanoengineered filters and modular rotary contactor machines that capture and remove CO2 from industrial emissions and the air in an environmentally responsible manner. Svante is on the 2025 Global Cleantech 100, the XPRIZE Foundation’s XB100 – World’s Top 100 Deep Tech Companies and was ranked second among private companies in the Corporate Knights’ Future 50 Fastest Growing Sustainable (Private) Companies.
For more information, visit www.svanteinc.com and follow Svante on LinkedIn at www.linkedin.com/svantesolutions.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250130240324/en/
DISCLAIMER
The content and services provided by Kalkine Consultancy India Private Limited (Research Analyst License No: INH000017727, hereinafter referred to as “Kalkine”) are for informational purposes only. The content, including but not limited to articles, news, quotes, information, data, text, reports, ratings, opinions, images, photos, graphics, charts, animations, and videos (collectively, “Content”), is a service of Kalkine Consultancy India Private Limited and is available for personal and non-commercial use only. Kalkine does not provide personalized financial advice and does not endorse or recommend any individuals, investment products, or services as suitable for specific financial situations. Investors are advised to consult a qualified financial planner or adviser to assess their risk tolerance and portfolio suitability before making any investment decisions. Kalkine accepts no liability for investment losses or any other financial detriment arising from reliance on the Content. Some of the Content on this website may be sourced from third-party providers. Kalkine does not claim ownership over such third-party content and does not guarantee its accuracy, completeness, or reliability. Kalkine shall not be held liable for any errors, omissions, or inaccuracies in third-party content or for any damages or losses resulting from its use. Any images, music, or videos used in the Content are either sourced from publicly available materials, paid subscriptions, or credited to their respective owners where applicable. Kalkine does not claim ownership of third-party media unless explicitly stated. This disclaimer is subject to change without notice. Users are advised to review it periodically for updates.