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Government of Canada Supports Innovative CO₂ Capture Technology

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BURNABY, BC, July 13, 2016 /CNW/ – Cleantech innovator Svante (formerly Inventys Thermal Technologies) is receiving up to $275,000 from the Government of Canada to deliver a cutting-edge CO2 capture technology. The announcement was made today by Terry Beech, Parliamentary Secretary for Science, on behalf of the Honorable Kirsty Duncan, Minister of Science.

“Investing in the low carbon economy has the potential to bring lasting health, economic, and environmental benefits to Canadians and people around the world,” said Parliamentary Secretary Terry Beech. “Our government’s commitment to combatting greenhouse gas emissions means increasing opportunities for Canadian small and medium-sized inventors, like Svante.”

This funding will go toward the development of Svante’s next-generation VeloxoTherm system, a solid adsorbent technology. The VeloxoTherm system is a low-cost, non-toxic technology that captures CO₂ from post-combustion emissions and is used by the energy and industrial sectors for greenhouse gas reduction.

This investment is made through the National Research Council of Canada Industrial Research Assistance Program (NRC-IRAP), which supports thousands of small and medium-sized enterprises in Canada every year in developing and commercializing innovative technologies.

“Svante has the potential to develop a Canadian-made, new-to-the-world adsorption technology for carbon capture that removes the barriers to a low-carbon economy,” said Svante’s Executive Chairman, Wayne G. Thomson. “Funding from NRC-IRAP and the program’s hands-on approach continues to have a significant impact on the development of our transformative clean energy technology.”

NRC-IRAP has worked with Svante (formerly Inventys) since 2008, attracting other investors and influencing the company’s growth from two to 22 employees.

Related Links 

Svante Inc.
National Research Council of Canada Industrial Research Assistance Program 

SOURCE National Research Council Canada

For further information: Media Relations Team, National Research Council of Canada, 1-855-282-1637 (toll-free, 24/7, in Canada only), 1-613-991-1431 (elsewhere in North America), media@nrc-cnrc.gc.ca, Twitter: @NRC_CNRC; Véronique Perron, Press Secretary, Office of the Minister of Science, 343-291-2600; Media Relations, Innovation, Science and Economic Development Canada, 343-291-1777, ic.mediarelations-mediasrelations.ic@canada.ca

RELATED LINKS
www.nrc.gc.ca

For printing or downloading, here is a pdf copy of the release.

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“It is empowering to know, given my Alberta heritage, our technology can change the climate impacts of the Alberta oil sands regions and generate significant additional economic benefits.”

Brett Henkel

Co-Founder and Vice President Strategic Accounts & Government Affairs

Brett Henkel’s unabashed optimism tempered by his mechanical engineering background and gas separation experience combine to bring a rare perspective to his position on Svante’s executive team.

Transferring the company’s breakthrough CO2 capture technology to customers’ sites will rely heavily on Brett’s strengths for identifying and understanding the technical and business details and relating those details to partners’ teams, approving agencies, and stakeholders.

As co-founder, he was instrumental in creating the process and the hardware used to prove the technology’s effectiveness as well as mobilizing external support throughout the path to becoming a successful innovation. These experiences strengthened his knowledge of business development and program management priorities.

Prior to launching Svante, Mr. Henkel was the program manager for QuestAir Technologies’ compact hydrogen production system with its partner, ExxonMobil. He is credited with designing the world’s first solenoid-driven rapid pressure swing adsorption test station.

Brett received his Bachelor of Science in Physics, with distinction, and a Mechanical Engineering degree from the University of Victoria.

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