NEWS COMMENTARY

Svante raises $75 million for decarbonizing cement and hydrogen production

Published:
February 09, 2021
Coverage:
Owning the Energy Transition
Activities:
Investment
Very important

The CO2 capture company closed its Series D equity financing round, which was led by Temasek and also included investors like the Oil and Gas Climate Initiative and Chevron. Svante will use the funds to finance its next three years of operations, which includes launching its first commercial-scale point-source capture unit at a cement plant in the U.S. and yet-undisclosed projects for blue hydrogen. Svante is one of the most well-funded CO2 capture startups to have emerged in recent years, and the newly raised funds are an important step forward for the company – Svante will be the first to deploy solid sorbents for CO2 capture at scale, and the cement project will thus serve as commercial validation of its technology. 

For the original news article, click here .


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