Inventys – a Leading Developer of Commercially Viable, Economically Scalable Carbon Capture Technology – Changes Name to Svante Inc.

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VANCOUVER, BC, Oct. 28, 2019 – Inventys Inc., a Canada-based company whose technology captures carbon directly from industrial sources at half the capital cost of existing solutions, is changing its name to Svante Inc., effective immediately.

Named after Nobel Laureate Svante Arrhenius, one of the first scientists to identify the atmospheric carbon-climate change connection, Svante is the first name in commercially viable, economically scalable, second generation carbon capture technology.

The new name signals the company’s evolution from a technology development company to a commercial enterprise, poised to help its customers transition to a net-zero carbon future.

A single 3,000 tonne-per-day (TPD) plant using Svante’s proprietary solid sorbent technology is capable of capturing more than one million tonnes of carbon annually – the equivalent to eliminating emissions from more than 200,000 cars per year or doing the job of 10 million trees. Svante’s technology is currently scalable from 30 TPD up to 5,000 TPD.

“The world is facing a global climate crisis because we emit more CO2 and greenhouse gases than the earth’s forests, oceans and other natural systems can absorb,” said Claude Letourneau, President and Chief Executive Officer of Svante. “Svante’s cost advantage, combined with progressive policies like the United States’ 45Q tax credit, can make carbon capture profitable across a wide range of large-scale industrial applications such as cement, steel, plastic, fertilizers and hydrogen. And that means Svante is uniquely positioned to help governments and key global industries join the fight against climate change.”

Svante’s technology is currently being deployed in the field at pilot plant-scale by industry leaders in the energy and cement manufacturing sectors. The CO2MENT Project – a partnership between LafargeHolcim and TOTAL S.A. – is building a 1 TPD plant in Richmond, BC that will re-inject captured CO2 into concrete as a storage solution, while the construction of a 30 TPD demonstration plant was completed this summer at Husky Energy’s Pikes Peak South thermal project in Saskatchewan, Canada.

“We are very pleased to be moving ahead and implementing our technology with industrial clients, demonstrating its effectiveness in combatting the rise of greenhouse gas emissions,” said Letourneau.

About Svante

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. Connect with us on Facebook or Twitter @svantesolutions.

For investor inquiries:
Julia McKenna
1 (778) 985 5722

For media inquiries:
Martin Cej
Partner, Longview Communications and Public Affairs
1 (587) 319 2828

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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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