French engineering company Technip Energies is teaming up with Canadian technology player Svante to develop “industrial-scale” carbon capture projects in Europe and the Middle East.
Technip Energies confirmed on Monday that it had signed a memorandum of understanding with Svante to further develop the latter’s solid sorbent carbon capture technology.
Svante says its technology captures carbon dioxide from flue gas, concentrates it, then releases it for storage or industrial use, in a process it claims takes just 60 seconds.
It achieves this by using proprietary active capture nano-materials called "solid sorbent filter".
Technip Energies and Svante will explore opportunities in Europe, the Middle East, Africa and Russia to utilise Svante’s technology in industrial carbon capture projects — including cement and limestone, blue hydrogen, refineries, petrochemicals, steel, ammonia, as well as pulp and paper facilities.
Technip Energies added that the two companies would also co-operate globally on blue hydrogen plants using the French company’s steam methane reformer technology.
Technip Energies noted that more than 2000 carbon capture and carbon removal plants need to be deployed by 2040, or the equivalent of two plants per week over the next 20 years, to reach net zero emissions by mid-century and limit the impact of climate change.
The companies claim the collaboration pact will help address bringing down the capital cost of the capture of the CO2 emitted from industrial production.
"We are glad to collaborate with Svante on their emergent carbon capture technology for the decarbonisation of hard-to-abate industries by leveraging our expertise in technology co-development and integration as well as design, procurement and construction of carbon capture plants,” Technip Energies chief executive Arnaud Pieton said.
“This partnership clearly reflects the significant role of industrial-scale technologies to accelerate the transition towards a low carbon society.’’
Svante chief executive Claude Letourneau said the partnership with Technip Energies would allow his company to focus its development efforts “in building a scalable supply chain for active capture materials to address a broad carbon capture and removal solutions offering at gigatonne scale”.
Svante is expanding its commercial factory in Canada, which is expected to deliver filter modules capable of removing 3 million tonnes per annum of CO2 by the end of 2023.