Svante Technologies moves BECCS project o feasibility study phase
In Canada, Svante Technologies Inc. says its bioenergy with carbon capture and storage (BECCS) project at a paper mill in the Southeast U.S. has progressed to the feasibility study phase. The project is being developed in partnership with an integrated sustainable packaging company, following an extensive screening and pre-feasibility study conducted across several of the partner’s mills.
During the feasibility study phase, the companies will complete further engineering and design activities, cost and schedule estimates, and risk assessments required to evaluate commercial viability ahead of a future engineering study leading to final investment decision (FID). Svante’s subsidiary, Svante Development Inc., is co-investing in this phase with the mill owner.
The project is designed to capture and permanently store more than 500,000 tons per year of biogenic CO₂ generated from mill operations. The biomass fiber used at the site is sourced from sustainably managed forests. The resulting carbon dioxide removal (CDR) credits will meet established monitoring, reporting, and verification (MRV) standards and are intended for sale to organizations aiming to address their Scope 1 and Scope 2 emissions.
Category: Fuels
