Pilot Energy Limited – an Australian-based energy company and Svante Technologies Inc – a carbon capture technology developer have entered into a Memorandum of Understanding (MoU) to collaborate on Pilot Energy’s Cliff Head CO2 storage project.
The solid sorbent-based post-combustion carbon capture technology of Svante will be integrated with a carbon capture and storage hub in Western Australia under development by Pilot Energy, called the Cliff Head CCS project.
The Cliff Head CCS project is an integral component of the Mid West Clean Energy project (MWCEP). The MWCEP is an ambitious initiative led by Pilot Energy that aims to accelerate the commercial deployment of emissions reduction solutions and cut the carbon footprint of Australia’s top greenhouse gas emitters.
It will be constructed over three stages delivering the following components – the Cliff Head carbon capture and storage (CCS) project, blue hydrogen production and ammonia production facilities.
Pilot and Svante have agreed to collaborate to evaluate and deploy full-service carbon management solutions including point of CO2 capture, transportation, and permanent storage at Cliff Head.
“Svante’s innovative solid sorbent carbon capture technology is an ideal solution to efficiently capture the Kwinana Industrial Area’s hard-to-avoid CO2 emissions, and we’re enthusiastic about this new collaboration,” said Brad Lingo, Pilot’s Chairman.
The two companies aim for the initial sequestration of ~8 million metric tons per annum of CO2 emissions from the Western Australian Kwinana Industrial Area as reported by the Kwinana Industries Council. According to the announcement, the Cliff Head CO2 storage project has the potential to provide a carbon management solution for 15 – 25% of the scope 1 emissions of the Kwinana Industries Council members.
“We are pleased to be collaborating with Pilot Energy to offer full-service, turnkey carbon management solutions to heavy industries… An important feature of our business model is the ecosystem of partnerships we’re building globally across the value chain of carbon capture, utilization, and storage (CCUS),” said Matt Stevenson, Svante’s Chief Revenue Officer and CFO.