Pilot Energy continues to attract significant partners to its Cliff Head Carbon Capture and Storage Project in Western Australia’s Mid West, with the most recent entrant being Svante Technologies — which counts Samsung, GE, and Chevron among its strategic backers.
Pilot Energy (ASX:PGY), which is advancing one of Australia’s first offshore carbon capture and storage projects, has inked a memorandum of understanding with Canada’s Svante Technologies to collaborate on offering a “one-stop-shop solution” for carbon capture, transportation, and storage to industrial businesses with hard-to-avoid CO2 emissions.
The first port of call for the pair will be helping the Kwinana Industrial Area in Western Australia cut its roughly 8 million tonnes of CO2 each year.
Svante will be bringing to the table its novel, environmentally friendly solid sorbent carbon capture and removal filter technology to capture the emissions that would be transported and stored at Pilot’s CCS project, which aims to inject up to 1 million tonnes per annum of CO2 starting from 2026.
The company has been listed on the Global Cleantech 100 list since 2019 and has executed several major collaborations, including with the likes of General Electric (GE) Gas Power and Samsung.
Svante also previously secured an investment from United Airlines as part of the company’s record-setting $US318m Series E fundraising round.
Under the MoU, Pilot and Svante will collaborate to evaluate and deploy full-service carbon management solutions from the point of CO2 capture, transportation, and permanent storage at Cliff Head.
Svante’s tech would be deployed to capture CO2 from industrial flue gas stacks on the emitters’ sites.