Published by Todd Bush on May 17, 2023
3M and Svante will partner to develop Direct Air Capture (DAC) products for the carbon dioxide removal (CDR) industry, driving their shared commitment to find materials science-based solutions to achieve net-zero emissions and combat global warming.
ST. PAUL, Minn., May 16, 2023 /PRNewswire/ -- 3M (NYSE: MMM) is expanding its ongoing commitment to materials science-based climate tech solutions by working with Svante Technologies, Inc. (Svante) to develop material that can trap carbon dioxide (CO2) found in the atmosphere and permanently remove it.
"3M is committed to helping build a low-carbon economy. We are driven by a need to solve the world's most pressing challenges, and our partnership with Svante to create innovative climate solutions is an exciting prospect for us," said Ray Eby, president of 3M's Personal Safety Division. "Similar to how we tripled production of N95 respirators during the early days of the COVID-19 pandemic, we are eager to take on the challenge of scaling the production and supply of carbon removal materials over the next decade and beyond to meet global demand. Our deep expertise in filtration technology, extensive global R&D community and our unwavering commitment to create world-changing solutions give us the confidence to scale these carbon-adsorbing solutions with the necessary speed to combat climate change."
>> Additional Reading: Carbon America and Svante Announce Collaboration to Accelerate Carbon Capture Deployment in the U.S.
3M Ventures, the venture capital arm of 3M, recently participated in Svante's Series E fundraising round, which raised $318 million to accelerate the manufacturing of Svante's carbon capture and removal technology.
"3M is another great addition to our network of world-class strategic partners and investors," said Claude Letourneau, Svante's president and chief executive officer. "3M's 120+ years of expertise in producing materials science-based solutions at scale is unparalleled and will aid us in our efforts to capture millions of tons of CO2 from diverse sites around the world."
Svante has developed a process for coating solid sorbents onto laminate sheets and stacking into high-performance filters, which are available for both industrial point-source capture (from hydrogen, cement, steel, aluminum, pulp & paper plants, and refineries) and for direct air capture. Because of the wide array of markets the company serves, Letourneau says Svante's technology can be applied to 85% of the total carbon capture and removal segment.
"With 51 technology platforms across 3M, we're innovating and creating new technology capabilities to meet the growing needs of the carbon capture and removal market," said Fabrice Moguet, senior vice president of research and development for 3M's Safety and Industrial Business Group. "To fulfill Svante's needs and help combat climate change, we'll need to scale to thousands of miles of technical material over the next few years, and we're excited to manufacture our first products in the United States for Svante's DAC applications."
The joint development agreement (JDA) between 3M and Svante focuses on the development and manufacture of solutions using parallel channel structured adsorbent technology for sale into the carbon dioxide removal (CDR) industry.
>> In Company Spotlight:
3M (NYSE: MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news or on Twitter at @3M or @3MNews.
Svante manufactures solid sorbent-based filters and rotary contactor machines that capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed loop. With the ability to capture CO2 from industrial sources and directly from the atmosphere in an environmentally sustainable way, Svante makes industrial-scale carbon capture and removal a reality. The company is on the 2023 Global Cleantech 100 and was ranked second among private companies in the Corporate Knights Future 50 Fastest-Growing Sustainable Companies in Canada. To learn more about Svante, visit www.svanteinc.com, or follow Svante on LinkedIn or Twitter @svantesolutions.
SOURCE 3M
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌏 A Bold Transpacific Alliance: ExxonMobil and Marubeni Power a Cleaner Future with Low-Carbon Ammonia 💰 Aker Carbon Capture Has Decided to Sell Its 20 Percent Ownership Interest...
Inside This Issue 🌊 NYK Partners With Climeworks to Remove CO₂ Through Diverse Carbon Removal Solutions 🛠️ First Public Hydrogen (FPH2) Appoints Ernesto Medrano to Board of Directors 💡 Kinetics Ac...
Inside This Issue 📊 Trading Carbon Right: Why Credit Quality Matters More Than Ever ☀️ SunHydrogen Contracts The Process Group for Front-End Engineering Design of 25m2 Renewable Hydrogen Pilot Pla...
Project Hajar Earns Top XPRIZE Carbon Award for Direct Air Capture and Storage in UAE
Project Hajar, a joint initiative by 44.01 and Aircapture, has been named the strongest performer in the Air category of the XPRIZE Carbon Removal competition, earning a \$1 million award. The proj...
BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) today announced the formation of a strategic joint venture (the “JV”) between BKV dCarbon Ventures, LLC (“dCarbon Ventures”), BKV’s wholly-owned...
Microsoft Expands World’s Largest Carbon Removal Deal with Stockholm Exergi to 5M Tonnes
World’s largest annual CDR delivery deal: Microsoft'’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually. $1.3B BECCS facility operational by 2028: Stockholm Exergi’s p...
FORNEBU, Norway, May 9, 2025 /PRNewswire/ – Aker Carbon Capture ASA (Aker Carbon Capture or ACC) and Aker ASA (Aker) today announced an agreement whereby Aker will buy the 20 percent ownership inte...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.