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Cross Carbon Ventures formed to accelerate carbon capture in North America
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Carbon capture firm Svante to take over Best Buy s headquarters campus in Burnaby
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Svante receives CDN$25 million from government of Canada for carbon capture
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Svante to establish new Centre for Excellence for Carbon Capture, Use and Storage in Vancouver
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The $25-million investment comes as a âcontributionâ to Svante, some of which is forgivable, according to a government source, who spoke on condition of anonymity because the news was not yet public.
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Try refreshing your browser, or Ottawa invests $25 million in B.C.-based startup to help build Silicon Valley of carbon capture industry  Back to video
Claude Letourneau, chief executive of Svante, said his company âneededâ the $25 million to execute its playbook, which includes building a small-scale manufacturing facility in Vancouver â or as he called the âSilicon Valley of the carbon capture industry.â