The companies, Samsung Engineering and Svante Technologies, have announced to sign a memorandum of understanding (MoU) to work on commercial carbon capture projects. The MoU was signed during the ADIPEC 2023 conference.
The companies propose to identify, develop, and deliver commercial carbon capture, utilization, and storage (CCUS) projects.
These projects for Asia and the Middle East are made to target industries – cement, steel, hydrogen, fertilizer, etc, utilizing Svante’s solid sorbent-based carbon capture filter technology.
Svante’s post-combustion carbon capture plant designs will be explored by both companies.
Samsung Engineering, an engineering, procurement, and construction (EPC) and project management company, and Svante’s carbon capture and removal combine to make a collaboration that provides a solution for clients in heavy industries to decarbonize.
Samsung Engineering is working to become “Beyond EPC – Green Solution Provider”, as it plans to become a conventional EPC participant and a green solutions provider to erode its emissions.
Partners involved share –
Hong Namkoong, President & CEO of Samsung Engineering, said, “The time is now for the CCUS industry value chain players to rethink how they approach projects to deliver them faster, cheaper, and more efficiently.”
“Undertaking multiple projects in parallel while using the same EPC contractor will greatly improve project performance.”
Claude Letourneau, Svante’s President and CEO, said, “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”
“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.”
The tech created by Svante –
The “unique, environmentally responsible” tech offers carbon capture and removal tech utilizing “structured adsorbent beds”, known as filters.
The filters are coated with nano-engineered solid adsorbent materials that might be used to capture CO2 from industrial emissions. The emissions mainly focused are the production of cement, steel, fertilizer, hydrogen, and more.
The company offers the tech to also direct air capture (DAC), where it can collect the CO2 in the atmosphere.
