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Ottawa invests $25 million in B.C.-based startup to help build 'Silicon Valley of carbon capture industry'


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The $25-million investment comes as a “contribution” 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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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 “needed” the $25 million to execute its playbook, which includes building a small-scale manufacturing facility in Vancouver — or as he called the “Silicon Valley of the carbon capture industry.” ....

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