Svante Acquires Carbon Alpha, Expands Geological CO2 Storage Capacity

Svante Technologies has acquired Calgary-based Carbon Alpha Corp. and its related subsidiaries, including Carbon Alpha Development Corp. and ownership interests in North Star Carbon Solutions Corp. and North Star Carbon Solutions Limited Partnership, a developer of carbon capture and storage (CCS) projects in Western Canada. With the acquisition, Carbon Alpha’s North Star Bioenergy Carbon Capture and Storage (BECCS) project in Saskatchewan will join Svante’s business unit portfolio alongside Svante Development Inc. The project is being developed in partnership with the Meadow Lake Tribal Council (MLTC).

“This project is a game changer for Svante and a pivotal moment for scaling verifiable, durable engineered carbon removal solutions working in tandem with nature,” said Claude Letourneau, President & CEO of Svante. “By integrating Carbon Alpha’s team, we’re accelerating the delivery of high integrity CDR credits at commercial scale in partnership with the MLTC leadership, who is closely coordinating with us on the North Star Project.”

The transaction expands Svante’s capabilities in geological CO₂ storage as part of its broader strategy to build a fully integrated carbon management business capable of delivering CCS across the entire value chain. Carbon Alpha’s North Star Project will add BECCS at the MLTC Bioenergy Centre, a forestry biomass cogeneration facility in Saskatchewan. The project will permanently store captured biogenic CO₂ underground in a saline aquifer while measuring and monitoring the stored emissions and generating removal credits.

MLTC, which represents nine First Nations in Saskatchewan, will co-own the BECCS facility with Svante. A new CO₂ pipeline developed by Carbon Alpha will connect the capture facility to permanent geological storage southwest of Meadow Lake, Saskatchewan. The CO₂ storage hub could potentially expand to serve other biogenic carbon emitters in the region.

“The Meadow Lake Tribal Council is excited to embark on the next stage of the North Star BECCS Project, in partnership with Svante and Carbon Alpha,” said Jeremy Norman, Tribal Chief of MLTC. “North Star provides economic development, full-cycle carbon sustainability, and added value to MLTC’s existing green energy infrastructure and forestry-based operations. It enables the MLTC First Nations to create ongoing economic development, jobs, environmental leadership and optimism for our people.”

The MLTC Bioenergy Centre produces renewable electricity and heat using sustainable waste biomass from a neighboring sawmill. Phase one of the North Star Project is expected to capture up to 140,000 tons of CO₂ annually from the facility’s flue gas and other on-site sources. Next steps for the project include a front-end engineering design study and a test well drilling campaign. The project has already secured the necessary lease for subsurface storage and a license for the test well. A final investment decision is expected in the first quarter of 2027.

“Today marks an important milestone for Carbon Alpha as we join forces with Svante Development,” said Simon Bregazzi, former CEO of Carbon Alpha. “Our mission has been to accelerate high-integrity CO₂ removal through the development of scalable, durable BECCS projects. Joining with a globally respected and well capitalized organization strengthens our ability to advance that mission with greater scale, certainty, and impact.”

Sorbent Carbon Capture

In February 2025, Svante Technologies was selected for up to $1.5 million in U.S. Department of Energy funding to advance carbon capture in the pulp and paper industry. The funding will support a pre-FEED study at the Ashdown Pulp Mill in Arkansas, where Svante, in partnership with Paper Excellence and Wood, will evaluate post-combustion carbon capture from the recovery boilers’ flue gas.