Svante to Deploy First-of-a-Kind Commercial-Scale Carbon Capture Plant at Delek US’s Texas Refinery with DOE Support

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VANCOUVER, BC, CANADA, February 5, 2024 — Svante Technologies Inc. (Svante) announced today that its strategic investor and customer, Delek US Holdings Inc. (Delek US), has been selected by the U.S. Department of Energy (DOE) Office of Clean Energy Demonstrations to negotiate a cost-sharing agreement in support of a large-scale Svante carbon capture pilot project at Delek’s Big Spring refinery in Texas. The DOE Carbon Capture Large-Scale Pilot Project program provides 70% cost-sharing for up to $95 million of federal funding to assist with project development.

The large-scale pilot project aims to capture 145,000 metric tons of carbon dioxide (CO2) from the refinery annually – equivalent to taking 32,267 gas-powered cars off the road every year. The project is set to contribute to overall environmental sustainability, reducing harmful pollutants such as sulfur dioxide and particulate matter often found in industrial post-combustion flue gas.

“This announcement is transformational for Svante and our entire industry as it enables us to further demonstrate the efficacy of our environmentally responsible solid sorbent carbon capture technology – all at a large, commercial scale,” said Claude Letourneau, Svante’s President and CEO.

Delek US’s President and CEO, Avigal Soreq, also commented, expressing his gratitude for the DOE’s recognition, stating, “We are honored and pleased the DOE has selected our project. Scaling second-generation carbon capture technology like Svante’s is critical for decarbonizing the world’s hard-to-abate industrial and energy sectors.”

The project is a first-of-a-kind commercial-scale deployment of Svante’s solid sorbent-based filter technology. Svante’s plant will be situated on-site at Delek US’s Big Spring refinery and connected to the post-combustion flue gas from the fluidized catalytic cracking unit – the source of CO2 emissions – where it will trap CO2 before it can escape to the atmosphere. Once trapped, the diluted CO2 in the flue gas will be concentrated into a useable, pipeline-grade purity, at which point it will be ready for safe transportation and deep underground storage or further industrial use.

To bring this project online, Delek US and Svante will collaborate with leading industry partners along with the DOE to drive advancements in carbon capture technology.

The project stands to create approximately 200 construction and operations jobs in 2027 and 2028. Delek US will partner with the International Union of Operating Engineers (IUOE) and the United Steelworkers (USW) to equip the community’s new and existing workforce with the valuable skillsets needed for these large-scale projects.

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About Svante

Svante is a purpose-driven, leading carbon capture and removal solutions provider. The Vancouver, Canada-based company manufactures nanoengineered filters and modular rotary contactor machines that capture and remove CO2 from industrial emissions and the air in an environmentally responsible manner. Svante is on the 2024 Global Cleantech 100, the XPRIZE Foundation’s XB100 – World’s Top 100 Deep Tech Companies and was ranked second among private companies in the Corporate Knights’ Future 50 Fastest Growing Sustainable Companies. For more information, visit www.svanteinc.com and follow Svante on LinkedIn at www.linkedin.com/svantesolutions.

Svante Media Contact
Colleen Nitta
Director of Marketing & Communications
cnitta@svanteinc.com
604-970-2813

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