Follow us for Davos updates

Svante

To find our more about
Svante
visit:
Svante
For more information visit:
Visit Website

Svante - The ‘’Picks and Shovels’’ of the Carbon Marketplace

The world is in the midst of a climate crisis, with atmospheric CO2 continuing to rise to unprecedented levels due to human activities – currently emitting CO2 at a rate that our natural ecosystems cannot absorb. Sustainable solutions and innovations are being developed to overhaul existing techniques or structures, but Canadian-based company, Svante, is working to deploy carbon management solutions that will enable a net zero emissions future.

Founded in 2007, Svante is a carbon capture and removal company. CEO, Claude Letourneau, explains the company’s purpose through its vision: “Developing what we call a ‘carbon marketplace’ in order to avoid the impact of humans on the climate.” He goes on to explain the real impact that carbon – as an integral part of the global economy – has on the environment. "We're using carbon to make steel, to make cement, and to build infrastructure. So, all of these products that we enjoy day in and day out, they all emit CO2 and it's very hard to avoid CO2 emissions and any of these products that we enjoy. So, we need to find a way to capture the CO2  and safely store it underground or use it to make other products in a circular economy."

To make this goal a reality, Svante has made use of its unique expertise to develop a “solid filter” that captures CO2 from a diluted stream. Using innovative nanomaterials, the company has created a powder that can be laid on thin film and stacked to create a unique filter that captures, concentrates, and releases large amounts of pure CO2 in under 60 seconds.

However, capturing carbon is not enough and Letourneau explains the next step. “The carbon dioxide is basically moved into a pipeline, most likely, and companies around the world now, are building CO2 storage hubs where they will put the CO2 underground, three kilometres underneath the surface into a water reservoir or water with salt, which we call a saline reservoir.” Svante is building capture plants fit for this purpose and Letourneau notes the number of such plants needed to effectively capture the CO2 currently being emitted in the atmosphere: 10,000 capture plants in the next 30 years, or two plants a week in the next decade, at a cost of about $300 million per plant

Such deployment and costs are not inconsiderable, but Letourneau believes that this target is achievable if certain goals are met. “We need three sectors to align: financial, public and private.” This means that industry players must develop the business models needed to store CO2 effectively, the financial market must become aware of the need for investment in this emerging industry, and regulators must enact policies that make such sustainable actions the best choice for all. In this context, even organisations commonly perceived as ‘the bad guys’ have a part to play, such as the fossil fuel companies. “They'd be very good at safely storing CO2. Remember, they take this fossil fuel from the ground and make products that we all enjoy. Taking that CO2 and putting it back where it came from is something that’s in their wheelhouse of expertise.”

Letourneau is a self-professed optimist, and that optimism is present across Svante’s operations. In the 15 years since its formation, the company’s technology and business model has been seen as a ‘’game-changer’’ across the carbon capture and storage value chain. The need for sustainable action has never been as clear as it is today and, through its carbon capture and removal ‘’picks and shovels’’ business model, Svante is proving that solutions exist to effectively decarbonise the world.

The world is in the midst of a climate crisis, with atmospheric CO2 continuing to rise to unprecedented levels due to human activities – currently emitting CO2 at a rate that our natural ecosystems cannot absorb. Sustainable solutions and innovations are being developed to overhaul existing techniques or structures, but Canadian-based company, Svante, is working to deploy carbon management solutions that will enable a net zero emissions future.

Founded in 2007, Svante is a carbon capture and removal company. CEO, Claude Letourneau, explains the company’s purpose through its vision: “Developing what we call a ‘carbon marketplace’ in order to avoid the impact of humans on the climate.” He goes on to explain the real impact that carbon – as an integral part of the global economy – has on the environment. "We're using carbon to make steel, to make cement, and to build infrastructure. So, all of these products that we enjoy day in and day out, they all emit CO2 and it's very hard to avoid CO2 emissions and any of these products that we enjoy. So, we need to find a way to capture the CO2  and safely store it underground or use it to make other products in a circular economy."

To make this goal a reality, Svante has made use of its unique expertise to develop a “solid filter” that captures CO2 from a diluted stream. Using innovative nanomaterials, the company has created a powder that can be laid on thin film and stacked to create a unique filter that captures, concentrates, and releases large amounts of pure CO2 in under 60 seconds.

However, capturing carbon is not enough and Letourneau explains the next step. “The carbon dioxide is basically moved into a pipeline, most likely, and companies around the world now, are building CO2 storage hubs where they will put the CO2 underground, three kilometres underneath the surface into a water reservoir or water with salt, which we call a saline reservoir.” Svante is building capture plants fit for this purpose and Letourneau notes the number of such plants needed to effectively capture the CO2 currently being emitted in the atmosphere: 10,000 capture plants in the next 30 years, or two plants a week in the next decade, at a cost of about $300 million per plant

Such deployment and costs are not inconsiderable, but Letourneau believes that this target is achievable if certain goals are met. “We need three sectors to align: financial, public and private.” This means that industry players must develop the business models needed to store CO2 effectively, the financial market must become aware of the need for investment in this emerging industry, and regulators must enact policies that make such sustainable actions the best choice for all. In this context, even organisations commonly perceived as ‘the bad guys’ have a part to play, such as the fossil fuel companies. “They'd be very good at safely storing CO2. Remember, they take this fossil fuel from the ground and make products that we all enjoy. Taking that CO2 and putting it back where it came from is something that’s in their wheelhouse of expertise.”

Letourneau is a self-professed optimist, and that optimism is present across Svante’s operations. In the 15 years since its formation, the company’s technology and business model has been seen as a ‘’game-changer’’ across the carbon capture and storage value chain. The need for sustainable action has never been as clear as it is today and, through its carbon capture and removal ‘’picks and shovels’’ business model, Svante is proving that solutions exist to effectively decarbonise the world.

View more videos

Svante - The ‘’Picks and Shovels’’ of the Carbon Marketplace

The world is in the midst of a climate crisis, with atmospheric CO2 continuing to rise to unprecedented levels due to human activities – currently emitting CO2 at a rate that our natural ecosystems cannot absorb. Sustainable solutions and innovations are being developed to overhaul existing techniques or structures, but Canadian-based company, Svante, is working to deploy carbon management solutions that will enable a net zero emissions future.

Founded in 2007, Svante is a carbon capture and removal company. CEO, Claude Letourneau, explains the company’s purpose through its vision: “Developing what we call a ‘carbon marketplace’ in order to avoid the impact of humans on the climate.” He goes on to explain the real impact that carbon – as an integral part of the global economy – has on the environment. "We're using carbon to make steel, to make cement, and to build infrastructure. So, all of these products that we enjoy day in and day out, they all emit CO2 and it's very hard to avoid CO2 emissions and any of these products that we enjoy. So, we need to find a way to capture the CO2  and safely store it underground or use it to make other products in a circular economy."

To make this goal a reality, Svante has made use of its unique expertise to develop a “solid filter” that captures CO2 from a diluted stream. Using innovative nanomaterials, the company has created a powder that can be laid on thin film and stacked to create a unique filter that captures, concentrates, and releases large amounts of pure CO2 in under 60 seconds.

However, capturing carbon is not enough and Letourneau explains the next step. “The carbon dioxide is basically moved into a pipeline, most likely, and companies around the world now, are building CO2 storage hubs where they will put the CO2 underground, three kilometres underneath the surface into a water reservoir or water with salt, which we call a saline reservoir.” Svante is building capture plants fit for this purpose and Letourneau notes the number of such plants needed to effectively capture the CO2 currently being emitted in the atmosphere: 10,000 capture plants in the next 30 years, or two plants a week in the next decade, at a cost of about $300 million per plant

Such deployment and costs are not inconsiderable, but Letourneau believes that this target is achievable if certain goals are met. “We need three sectors to align: financial, public and private.” This means that industry players must develop the business models needed to store CO2 effectively, the financial market must become aware of the need for investment in this emerging industry, and regulators must enact policies that make such sustainable actions the best choice for all. In this context, even organisations commonly perceived as ‘the bad guys’ have a part to play, such as the fossil fuel companies. “They'd be very good at safely storing CO2. Remember, they take this fossil fuel from the ground and make products that we all enjoy. Taking that CO2 and putting it back where it came from is something that’s in their wheelhouse of expertise.”

Letourneau is a self-professed optimist, and that optimism is present across Svante’s operations. In the 15 years since its formation, the company’s technology and business model has been seen as a ‘’game-changer’’ across the carbon capture and storage value chain. The need for sustainable action has never been as clear as it is today and, through its carbon capture and removal ‘’picks and shovels’’ business model, Svante is proving that solutions exist to effectively decarbonise the world.

CyberVerse Advisors

CyberVerse Advisors - The Leading Cyber Advisory Companying Bringing Systems Together
View Video

Harvard Management Company

Harvard Management Company - Getting to Net Zero
View Video

Schoeller Allibert

Schoeller - Using a cradle-to-cradle approach to make returnable packaging more sustainable
View Video

Geopolymer

Geopolymer Solutions - Utilising a Time Tested Process for the Future Health of the Planet
View Video

Li-Cycle

Li-Cycle - Recovering the Value and Materials Within
View Video

Straumann

Straumann Group - Digitalization, entrepreneurship and sustainability to unlock the potential of people’s lives.
View Video

Provivi

Provivi - Developing Pheromone Solutions for Crop Protection
View Video

Boson Energy

Boson Energy - Enabling the Energy Transition with Waste
View Video

AXA Investment Managers

AXA Investment Managers - Working to Value Creation in Real Assets
View Video

Cambridge Associates

Cambridge Associates - Investing for Global Change
View Video

Svante

Svante - The ‘’Picks and Shovels’’ of the Carbon Marketplace
View Video

Eventide

Eventide Asset Management - Leveraging the Power of Capital
View Video

Toom

Toom Baumarkt - the sustainable, one-stop hardware solution for everything DIY
View Video

Henkel

Henkel - Setting the course for tomorrow with a clear sustainability strategy
View Video

Yokoy Group

YOKOY - more than just digitised invoices.
View Video

IAR Systems

IAR - Transition from an Internet of Broken Things to an Internet of Trust
View Video

Palladium Equity Partners

Palladium Equity Partners - Investing for all Stakeholders
View Video

ATOSS

ATOSS Software AG – shaping tomorrow’s working environments
View Video

IWC Schaffhausen

IWC Schaffhausen - A Responsible and Transparent Strategy from a Leading Manufacturer of Luxury Watches
View Video

Borussia Dortmund

Borussia Dortmund - A football club taking on responsibilities
View Video

Africa Finance Corporation

Africa Finance Corporation - Developing a Continent Through Carefully Managed Projects and Initiatives
View Video

Terra Firma

Terra Firma – Rethinking private equity in a changing investment landscape
View Video

RMS

RMS – Actionable risk insights in the era of climate change
View Video

BetterUp

BetterUp – The Democratization of Personalized Coaching
View Video

Lekoil

LekOil – Improving Lives and Adapting to the Changing Priorities of the Energy Market
View Video

Ecor Global

Noble Environmental Technologies – Invents Fiber Alloys® Creating Next Generation Design Materials
View Video

APPLY AND BE PART OF DAVOS 2023

APPLY HERE
Presented By