Suncor Energy Inc.

Suncor in its investment in Svante – a carbon capture technology company

Client

Suncor Energy Inc.

Value

US$100 million

Date Closed

March 2021

Industry

Energy

Lead Office

Calgary

 

On March 18, 2021, Suncor announced that it had participated in Svante’s US$100 million Series D Financing representing the largest single private investment into point source carbon capture technology to date. The financing provides Svante with additional growth capital to accelerate the commercialization of its novel second generation COշ capture technology.

Suncor Energy Inc., headquartered in Calgary, is Canada’s leading integrated energy company.

Svante is a leader in in commercially viable, economically scalable, second-generation carbon capture technology.

Osler, Hoskin & Harcourt LLP advised Suncor with Frank Turner as lead counsel.