VANCOUVER, British Columbia —August 31, 2017 — Former Airbus CTO Jean Botti recently joined the Board of Directors of Svante (formerly Inventys) a clean energy technology company that has developed a transformational method for capturing CO2 from industrial, natural gas and coal power plants.
“I’m very pleased to join the board of Svante at such a pivotal time in our history as the world comes together to address decarbonizing the energy sector” said Botti. “I look forward to working closely with the other members of the Board and executive team to help develop new collaboration to spur innovation and to tap into the capabilities of industrial partners and universities needed to commercialize this technology.”
The VeloxoTherm™ System is a next generation CO2-capture technology that has the potential to deliver breakthrough capture costs. By combining a uniquely patented solid adsorbent structure with a rapid cycle temperature swing adsorption process, Svante has successfully demonstrated economical CO2 capture capabilities with its compact adsorption machine.
Svante President and CEO Claude Letourneau said, “With extensive experience in managing world-class industrial R&D programs, large-scale product development and market launches, the appointment of Mr. Botti will further strengthen our ability to rapidly scale-up our first pilot plant and to develop a high-quality and reliable manufacturing eco-system.”
Recently Inventys announced plans to build a 30-tonne per day (TPD) CO2-capture pilot plant aimed at producing a low-cost CO2-supply solution for Husky Energy’s heavy oil enhanced oil recovery (EOR) program near Lloydminster, Saskatchewan.
“Jean provides experience launching first-in-the-world technologies and creating market leaders,” Svante Chairman Wayne G. Thomson said. “He is widely recognized for accelerating development and Svante will benefit from his global experience building partner relationships.”
Botti was Chief Technical Officer of Airbus Group from 2006 to 2016 where he was responsible for research and development, business development, and program management. During this time he created the 25-year roadmap for electric aviation and delivered the world’s first electrical aircraft in 2015.
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; former Airbus Group’s Chief Technical Officer Jean Botti; and Ganesh Kailasam, Technical Director of the Oil and Gas Climate Initiative. To learn more about Svante’s technology, mission and people, click here. You can also connect with us on LinkedIn or Twitter @svantesolutions.
For investor inquiries:
1(778) 985 5722
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1(587) 319 2828
For printing or downloading a pdf copy of the release: 2017-08-31_New-Director-Botti.pdf