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Svante Inc. Partners with Suncor in Carbon Capture Strategy

Svante Inc. (Formerly Inventys Thermal Techologies) has signed a Research and Development Agreement with Suncor Energy to develop the VeloxoTherm CO2 Capture Technology for deployment in carbon capture and storage projects and CO2 enhanced oil recovery projects.

The work on VeloxoTherm has been partly funded by the Canadian government and the agreement with Suncor represents a “significant” milestone for the company as it seeks to bring the technology to market.

“We look forward to working with Suncor on the development of our VeloxoThermTM CO2 capture technology and working towards the deployment of strategically located commercial scale facilities,” said former Svante Inc. president and CEO Andre Boulet.

CO2 capture and storage (CCS) is considered a leading mitigation strategy for the reduction of greenhouse gas emissions. Governments around the world are planning for the mandatory reduction of CO2 emissions as part of their environmental strategies. As part of the capture and storage process, CO2 can also be used for Enhanced Oil Recovery (EOR). EOR is a 40-year-old commercially proven process where CO2 is injected into mature oil fields to push the stranded oil to the surface. The United States alone has a potential of 50 billion barrels ($3.5 trillion dollars) of incremental oil production using CO2 EOR.

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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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