3M and Svante strike carbon removal deal


Multinational conglomerate company 3M has teamed up with British Columbia-based Svante Technologies to develop and produce carbon dioxide (CO2) removal products.

Specifically, the duo will develop material that can trap CO2 in the atmosphere and permanently remove it.

News of the collaboration follows 3M Ventures, the venture capital arm of 3M, participating in Svante’s Series E funding round, which raised $318m.

Read more: Chevron heads $318m investment for carbon capture tech

... to continue reading you must be subscribed

Subscribe Today

Paywall Asset Header Graphic

To access hundreds of features, subscribe today! At a time when the world is forced to go digital more than ever before just to stay connected, discover the in-depth content our subscribers receive every month by subscribing to gasworld.

Please wait...