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Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol
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