Vancouver Tech Journal

Vancouver Tech Journal

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Vancouver Tech Journal
Vancouver Tech Journal
Svante raises $318 million Series E for carbon capture technology
Funding and Deals

Svante raises $318 million Series E for carbon capture technology

The raise was led by Chevron New Energies, the U.S. oil giant's business unit focused on low-carbon fuels.

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Allison Gacad
Dec 16, 2022
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Vancouver Tech Journal
Vancouver Tech Journal
Svante raises $318 million Series E for carbon capture technology
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white smoke coming out from building
Photo: Unsplash

Vancouver climatetech company Svante raised a $318 million Series E supported by Chevron New Energies (CNE). This funding aims to help create a commercial-scale manufacturing facility in Vancouver, the output of which would allow for capture of millions of tonnes of carbon dioxide (CO2) per year. This marks Chevron’s second investment in …

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