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Vancouver Company Signs Carbon Capture Deal with Suncor

Vancouver’s Svante Inc. (Formerly Inventys Thermal Technologies) announced a research and development agreement Tuesday to develop the VeloxoTherm carbon capture system with Suncor Energy.

The program is funded partly by the federal government’s Canada Industrial Research Assistance Program.

Carbon dioxide can be buried or used for enhanced oil recovery whereby it is injected into oil fields to push oil to the surface. But there could be a complication on the horizon.

New Alberta Premier Alison Redford plans to re-evaluate the feasibility of Alberta government subsidies for carbon capture and storage. Some $400 million remaining in the $2 billion program is now in jeopardy.

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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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