Announced
Completed
Financials
Sources
Tags
Acquisition
Cross Border
carbon capture
Canada
Venture Capital
Private
Friendly
Minority
Single Bidder
environmental solutions
Private Equity
Completed
Environmental Consulting
Synopsis
Chevron, an American multinational energy corporation, led a $320m Series E round in Svante, a provider of a carbon capture technology, with participation from Temasek, OGCI Climate Investments, Delek, Hesta, 3M Ventures, Full Circle Capital, GE Vernova, Japan Energy Fund, Liberty Media, M&G Catalyst, Samsung Engineering, TechEnergy Ventures and United Airlines Ventures. "We are proud that Chevron and a group of existing and new strategic and financial investors have demonstrated their confidence in Svante to be a key player in building a commercially viable carbon management industry. We are working to remove the biggest barriers to rapid deployment of industrial carbon capture by building this manufacturing facility, which we expect will enable us to rapidly expand our order book," Claude Letourneau, Svante President and CEO.
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