Svante

Svante entered into a commercial supply agreement with BASF to scale up its proprietary CALF-20 MOF sorbent used in carbon capture. The sorbent can capture up to 95% of CO2 from industrial sources.

GE Gas Power and Svante announced a joint development agreement to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation. GE also made an equity investment in Svante as part of Svante's $318 million Series E round.