Lisa Stifler of GeekWire reports that Chevron has led a $318 million funding round for Svante.
- Svante is a British Columbia-based company that develops large scale carbon capture solutions.
- The company creates filters that are coated with nano-material solid adsorbents which trap CO2 that is released during industrial practices.
- The carbon dioxide can then be used to make new products like lime, cement, or hydrogen.
- Svante says the new funding will be used to build two commercial-sized carbon filter manufacturing facilities.
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.