Financial News
Construction Begins for New “Centre of Excellence for Carbon Capture & Removal” in British Columbia
Ground-breaking Ceremony Launches Construction of Svante’s new global headquarters, featuring speeches from Canadian Politicians
Canadian carbon capture and removal technology provider, Svante, hosted its ground-breaking ceremony this week in Burnaby, BC to launch the construction of its new world headquarters that it’s calling “The Centre of Excellence for Carbon Capture & Removal.” Provincial and Federal government officials attended and spoke at the event, including the Honourable Harjit Sajjan, Minister of International Development and Minister responsible for the Pacific Economic Development Agency of Canada, The Honourable Bruce Ralston, BC’s Minister of Energy, Mines and Low Carbon Innovation, and The Honourable Ravi Kahlon, BC’s Minister of Jobs, Economic Recovery and Innovation. The Mayor of Burnaby, His Worship, Mike Hurley, also made a speech about the impact that Svante will have on the city as well as across the Canada and globe.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220621005526/en/
![From the left: Minister Ravi Kahlon, Dennis Kuschminder, Minister Bruce Ralston, Minister Harjit Sajjan, Brett Henkel, Claude Letourneau, Burnaby Mayor Mike Hurley, Councillor Pietro Calendino, David Claggett (Photo: Business Wire)](https://mms.businesswire.com/media/20220621005526/en/1492159/4/Svante_Groundbreaking-047.jpg)
From the left: Minister Ravi Kahlon, Dennis Kuschminder, Minister Bruce Ralston, Minister Harjit Sajjan, Brett Henkel, Claude Letourneau, Burnaby Mayor Mike Hurley, Councillor Pietro Calendino, David Claggett (Photo: Business Wire)
“We make investments in companies like Svante because our government believes in a green future. We know it’s possible to get to net zero. We know it is possible to get to net zero while creating jobs. We know it is possible to get to net zero while also growing our economy… Together we can show the world that Svante, British Columbia, and Canada have what it takes to be leaders in carbon capture,” said Minister Sajjan, referring to last summer’s announcement from Ottawa that the Canadian Government would provide $25 million in funding for Svante’s carbon capture technology.
Brett Henkel, Svante’s Co-founder, and VP of Strategic Accounts & Government Affairs started the company in his garage in 2007. “Here, we’ll employ over 200 British Columbians and many more around the globe. We’ll be able to scale up our commercial manufacturing facilities to deliver filter modules that can capture millions of tonnes of carbon dioxide every year, both from the atmosphere and from industrial flue gas. I’m thrilled at the opportunity we have in front of us today... to make a real, global impact... To take action on climate change.”
Minister Kahlon commented on the importance of companies like Svante in helping the province achieve its economic and environmental goals, “This is a big day for Svante. It’s a big day for Burnaby. But it’s also a big day for British Columbia. Svante’s new Centre of Excellence for Carbon Capture and Removal is an outstanding example of innovation here in British Columbia. It’s also an outstanding example of the vision that we share: for building a clean and inclusive economy that works for all British Columbians.”
The Centre of Excellence for Carbon Capture and Removal will be Canada’s first-of-a-kind commercial-scale carbon capture and removal manufacturing facility, where Svante’s patented filter modules will be produced for the capture of carbon dioxide emissions from the atmosphere and from industrial flue gas.
To learn more about Svante, visit www.svanteinc.com
About Svante:
Svante is a carbon management solutions provider that offers companies in heavy-emitting industries a commercially viable way to capture and remove carbon emissions. The carbon we capture is then concentrated to >95% purity, which can be safely transported and stored underground or used for further industrial use in a closed loop.
Media Alert:
https://svanteinc.com/2022/06/07/media-alert/
View source version on businesswire.com: https://www.businesswire.com/news/home/20220621005526/en/
Contacts
Colleen Nitta
Director of Marketing & Communications
Svante
cnitta@svanteinc.com
604-970-2813
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.