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Bid to Cut Carbon-Capture Cost 80% Gets Nudge in Joint Venture

  • Canada’s Svante, Switzerland’s Climeworks see ‘game changer’
  • Companies that come at tech differently announce partnership

Two companies that come at carbon capture differently will be working together with a goal to lower the cost of the technology by about 80%, making it more widely accessible in the fight against climate change.

Canada-based Svante Inc. will provide Climeworks, a Zurich-based pioneer in direct-air-capture, access to its patented solid absorbent technology, the companies said in a statement. They plan to develop facilities that simultaneously capture the greenhouse gas from both industrial sources and ambient air.