Svante, Kiewit Energy partners for industrial-scale CO2 capture projects in North America
Svante and Kiewit Energy Group Inc. have announced that they have signed a Memorandum of Understanding (MoU) to create a strategic alliance to pursue carbon capture projects that carbon-emitting industrial customers are developing in the United States and Canada, including cement, hydrogen steam reforming, refining, chemicals, steel, ammonia, and pulp and paper.
The KSI Alliance will be a highly cooperative, integrated team to provide clients with a common approach to 'one-stop' business development and construction, from the preconstruction services phase to the delivery of engineering procurement construction (IAC) of the project.
Carbon capture projects will use Svante's solid sorbent technology to capture carbon dioxide directly from dilute post-combustion flue gases as a non-intrusive "downstream" solution to produce pure, pipeline-grade CO 2 ensuring safe storage.
"We are delighted to become Svante's engineering and construction partner to develop this new technology that allows us to leverage our expertise in building carbon capture plants," said David Claggett, senior vice president, Kiewit Energy Group Inc.
"New technologies are most likely to be successful when deployed using an integrated project delivery approach by organizations that know how to reduce costs and meet deadlines. "
"Kiewit is a market leader in North America for carbon dioxide capture and storage (CCS), having over 5,500 tonnes/day of installed capacity to date and an additional 60,000 tonnes/day of FEED studies (front end engineering design - 'basic engineering) currently in progress. Kiewit and Svante are ready and able to launch the next phase of scaling the capacity of factories on the path to decarbonizing hard-to-control industries, particularly in the cement and blue hydrogen sectors", said Claude Letourneau, president, and CEO of Svante.
Through this collaboration, the two companies intend to address the overarching need to decrease the capital costs of capturing carbon dioxide emitted by industrial establishments to achieve the global net zero carbon targets required to stabilize the climate. Industry and financial leaders, and governments, agree on the enormity of the challenge and the critical need to deploy more than 2,000 carbon capture and removal plants by 2040. This is equivalent to putting into operation approximately two world-class factories, every week, for the next 20 years.