Svante Technologies Inc and Tenaska sign carbon capture MoU

Carbon capture and removal technology specialist Svante Technologies Inc (Svante) and CO₂ transportation and sequestration service provider Tenaska have signed a Memorandum of Understanding (MOU) to collaborate on delivering cost-effective, integrated solutions for industrial carbon capture and storage (CCS). This collaboration represents a significant step toward addressing global industrial emissions and advancing the decarbonisation of many industrial sectors, including cement, pulp and paper, steel, oil and gas.

Under the terms of the non-exclusive MOU, Svante and Tenaska will combine their technology and services to provide end-to-end CCS value chain solutions to select customers. Svante’s cutting-edge solid sorbent-based carbon capture technology will facilitate efficient, environmentally responsible CO₂ capture, while Tenaska will provide regional planning and infrastructure for CO₂ transportation and storage. Tenaska is advancing a platform of mid- and early-stage projects in strategic locations across the USA, with Class VI permit applications filed for nearly 20 injection wells across multiple states.

Together, the companies aim to simplify the path to decarbonisation for industrial emitters worldwide.

Svante will focus on capturing CO₂ emissions at industrial facilities, including related processes such as CO₂ compression, conditioning, and liquefaction. Tenaska will manage CO₂ transportation and sequestration, ensuring safe, secure, permanent storage deep underground.The joint initiative will actively promote carbon capture and storage to industrial emitters across North America, offering tailored solutions to meet diverse needs.

The collaboration will identify and assess commercially viable opportunities for CCS, leveraging the combined technical and operational expertise of both organisations.

Matt Stevenson, chief revenue officer of Svante said,“By combining our technology with Tenaska’s extensive experience in CO₂ transportation and storage, we can offer end-to-end solutions that accelerate the transition to a net-zero future.”

“Recognising the synergies with our CCS development platform, Tenaska is proud to work with Svante to advance innovative solutions for carbon management,” said Bret Estep, vice president, Tenaska Development. “Together, we aim to provide industrial customers with the tools and confidence to achieve their decarbonisation goals.”