Svante CEO: Corporate Commitment Is Growing For Carbon Capture

You are providing the technology, the filters, the ability for companies such as say manufacturing makers to carbon capture. How? Well we we kind of focus on the problem that was stated 135 years ago by a fellow called Zvante Arranius and we took the name Zvante similar to Tesla if you wish on the EV. So we’re a Unicorn and focusing on carbon management by providing solution to avoid CO2 going out in the atmosphere in the 1st place, industrial factories, cement pulp on paper plants or even removing the CO2 from the atmosphere that’s already above the ground. So we are working in that case with a company called Climbworks and we provide the filters inside the contractor that they have to collect the CO2 from the atmosphere. Yeah, you built a lot of partnerships, you’re working with a lot of companies and emitters. How long a time frame is it to build such you know to manufacture to actually get this going when you know that one of your clients wants indeed action this. So our legacy is that we’re 16 years in research in developing the technology, the product product proving out in the market and raising all these partnership to get there. We’ve raised $500 million to get to the point where we are and we’re currently building a factory to make the filters that will be able to equip the equivalent of 10 project of a million ton. The world needs to get to 10,000 plant of a million ton in the next 30 years. So this is factory number one for us and it and we’re almost there in terms of building up the the capacity to deliver projects. So now when you look at the specific project with one emitter, normally it takes about almost two years of discussions, studies to evaluate how we’re going to integrate the capture project into let’s say a cement factory or pulp and paper plant and then it takes two years to construct. So these projects are take a certain amount of time to deploy it and imagine you know we need to deploy it at the rate of two capture plant every week for the next 30 years clause your 2022 Series E $318 million led by Chevron’s venture arm. I remember 2021-2022 there was a lot of energy pardon the expression behind your industry and financial backing. Have things slowed down in terms of corporate interest and public commitment to what you’re trying to do? Well, you have your question is twofold, 1. The corporate commitment has been there and in it, it’s growing as well. I think the support we got from the oil and gas industry and primarily led by by Chevron is instrumental in us being here today, be able to talk about carbon management. But you know what’s missing now to grow the business at the scale that needs to be done is we need the private equity infrastructure funds to come to play and so far they never come to the valley of death of early start start up companies and and help them to deploy. So this is something that we’re working on these days to bring the two together because it’s the sum of the financial sector plus the the corporate that will make this thing work. Now from a from a consumer point of view or the public acceptance, I think that it’s a slow process and the analogy I can give you is we we’ve been throwing CO2 in the atmosphere freely for the last 100 years at with no consequences in the minds of people. The analogy is the waste management. At the same time you know you’re rubbish at home, the waste management, somebody collects and and transport and recycle and store the your rubbish. That’s because it smells and you can see it. You cannot see and smell CO2 so it’s very difficult for people to associate the the carbon management industry needs to exist and and the price of collecting your rubbish is about $150.00 per per ton of CO2 equivalent, so.