Svante Technologies Inc. (Svante), a leading carbon capture and removal solutions provider announced today that it has appointed Scott Gardner as President of its newly formed business unit, Svante Development. Svante Development is one of three of Svante’s new business units supporting its parent company, Svante Group. Svante Development’s mandate is to provide integrated project development services and capital, which is a key pillar of Svante’s market entry and growth strategy.
“Svante has always provided customers with technical support and market expertise to assist them in evaluating their ability to deploy our carbon capture and removal solutions in support of their carbon management and decarbonization goals. Svante Development will become the promoter and owner of industrial point source carbon capture projects. We’ve done this so that beyond “leaning in”, we can now play a leading role in partnering with our industrial customers to finance, design, build, and operate capture projects’’ said Matthew Stevenson, Svante’s Chief Revenue Officer. “I’m pleased to welcome Scott to the C-suite team at Svante. He will be based in Boulder, Colorado, USA, reporting directly to me”.
For First-of-a-Kind (FOAK) projects across various market segments, in particular Biogenic Carbon Dioxide Removal (CDR) projects in the pulp and paper sector, the Svante Development’s ability to step in and co-lead a project will increase the likelihood that Svante’s projects reach Financial Investment Decision (FID) on at least 2-3 projects from 2025-2027.
The creation of Svante Development, combined with Svante’s recent financing of US$100 million from Canada Growth Fund (CGF), will further accelerate the company’s growth and support its strategy to bring projects to market faster.
“Carbon management is a critical pillar of the re-wiring of the industrial sector that will help us slow the pace of climate change. I am honoured to be a part of the Svante carbon capture and removal solution”, said Gardner. “Svante has hyper-scaled over the past couple of years, and I look forward to working with Matt and the wider Svante team to unlock the company’s next growth phase as we commercialize globally.”
Scott holds an MBA in finance from the Kellogg School of Management at Northwestern University and a bachelor’s degree in engineering sciences and environmental studies from Dartmouth College. Scott brings over 32 years of experience in project development, project finance, fundraising, investments and asset management in the energy and infrastructure sectors. He has experience with a variety of commercial structures in various sectors, including gas-fired power, wind, solar and biomass power, biofuels, waste-to-energy, energy storage, industrial waste heat recovery, LNG, pipelines, and carbon capture and storage. His thorough and creative approach has yielded consistent success in bringing projects and transactions to fruition at companies including AES Corporation, US Renewables Group, WesPac Midstream, Partners Group and H Cycle, LLC. He will be responsible for Svante’s global project development activities and capital deployment, with a focus on North America and Europe.
Since its founding in 2007, Svante has grown to employ nearly 300 professionals and has become a global leader in the carbon capture and removal industry. The company manufactures solid sorbent-based filters and machines that trap CO2 from biogenic CDR, hard-to-abate industries, such as cement and steel, as well as the energy industry. The company’s filters can also be used to remove CO2 from the atmosphere in direct air capture (DAC) applications.
The other two new business units under the Svante Group parent company include Original Equipment Manufacturing & Development (OEM&D) for structured adsorbent beds known as “filters” used for gas separations is headed up by Richard Laliberte, Svante’s Chief Operating Officer, and Solutions & Digital Services, led by Mark Claessen as President of the company.
