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Svante Raises $75 Million to Decarbonize Cement and Hydrogen Production
February 2, 2021 GMT
Svante Raises $75 Million to Decarbonize Cement and Hydrogen Production (Photo: Business Wire)
VANCOUVER, British Columbia (BUSINESS WIRE) Feb 2, 2021
Svante Inc. announced that it has successfully closed USD $75 million of Series D equity financing, the largest private investment into point source carbon capture globally to date. The financing was led by Temasek and includes strategic investors Chart Industries (’’Chart”) (NYSE: GTLS), Carbon Direct and Export Development Canada (EDC). Existing investors OGCI Climate Investments, BDC Cleantech Practice, Chevron Technology Ventures, The Roda Group and Chrysalix Venture Capital also participated in the round, reflecting strong on-going support for the Company, including its market strategy and recent progress.