Samsung Engineering inks MoU with Svante for carbon capture advancements in Asia and ME

Samsung Engineering inks MoU with Svante for carbon capture advancements in Asia and ME

Companies will also collaborate on design iterations that include further modularization of Svante’s post-combustion carbon capture machines

  • By ICN Bureau | October 05, 2023


Samsung Engineering and Svante Technologies announced today that they have signed a memorandum of understanding (MoU) to develop and deliver commercial carbon capture, utilization and storage (CCUS) projects in Asia and the Middle East, targeting hard-to-abate heavy industries including cement, steel, hydrogen, fertilizer and more, using Svante’s novel solid sorbent-based carbon capture filter technology.

The two companies will also explore design iterations of Svante’s post-combustion carbon capture machines. The MoU was signed during the ADIPEC 2023 conference in Abu Dhabi, UAE on October 4, 2023.

Samsung Engineering’s extensive experience in executing many projects, paired with Svante’s novel approach to carbon capture and removal, make this collaboration an innovative solution for clients in heavy industries looking to decarbonize.

“We are delighted to welcome Samsung both as a strategic commercial collaborator and an investor in Svante, alongside our other strategic value chain partners and investors”, said Claude Letourneau, Svante’s President and CEO. “Samsung Engineering’s 50+ years of execution experience across the energy and industrial sectors will be invaluable as we continue to rapidly scale our operations and filter manufacturing capacity.”

One of the objectives of this collaboration is to offer industrial customers a one-stop-shop via an integrated project delivery model for carbon capture plants. This collaborative approach to building large industrial facilities is shown to be effective at optimizing industrial project management and performance.

The two companies will work together to identify, develop, and deliver commercial-scale carbon capture projects in the Asia and Middle East markets, ensuring heavy industries in these regions have more viable pathways to meet their emission reduction targets.

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