Chart Industries and Svante will develop an integrated carbon capture solution to make high-purity CO2 products from industrial flue gas streams, as part of a Memorandum of Understanding (MoU) signed today (2nd Feb).
Sharing details of the solution, the companies said it will utilise Svante’s rapid adsorption technology and Chart’s cryogenic carbon capture technology to make high-purity CO2 products.
The MoU was executed in conjunction with the completion of Chart’s investment in Svante in the amount of $15m representing under 10% of its capital stock on a fully diluted basis.
“Value chain partnerships with leaders like Chart have been an important part of our commercialisation strategy and integral to our success marketing world-leading competitive carbon capture solutions,” said Claude Letourneau, President & CEO of Svante Inc.
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