Svante Technologies acquires Carbon Alpha Corp

With this transaction, the value of which has not been disclosed, Carbon Alpha’s flagship North Star Bioenergy Carbon Capture and Storage (BECCS) project, developed in partnership with the Meadow Lake Tribal Council (MLTC) in Saskatchewan, joins Svante’s business unit portfolio alongside Svante Development Inc.

This transaction strengthens Svante’s expertise in geological carbon dioxide (CO₂) storage as part of a fully integrated carbon management company ready to build, own, and operate all elements of the carbon capture and storage (CCS) value chain from source to sink.

Svante’s combined offering now includes a portfolio of engineering solutions for carbon capture and removal across various market segments and a major CO₂ storage hub asset in Western Canada.

North Star Project adds CDR to bioenergy

The Carbon Alpha North Star Project will add BECCS at the existing MLTC Bioenergy Centre, a forestry biomass cogeneration facility, permanently and safely storing captured biogenic carbon dioxide (bioCO₂) deep underground in a saline aquifer — measuring, monitoring and generating high‑quality, durable carbon dioxide removal (CDR) credits.

MLTC represents nine First Nations in Saskatchewan (SK) and will co-own the BECCS facility with Svante.

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. 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 are closely coordinating with us on the North Star Project, said Claude Letourneau, President and CEO of Svante.

Pipeline to storage hub

Additionally, a new CO₂ pipeline developed by Carbon Alpha will connect the capture facility to permanent geological storage southwest of Meadow Lake, Saskatchewan.

This major CO₂ hub asset offers expansion opportunities to aggregate and service other biogenic CO₂ emitters in the region.

Today marks an important milestone for Carbon Alpha as we join forces with Svante Development. Our mission has been to accelerate high-integrity carbon dioxide 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, said Simon Bregazzi, former CEO of Carbon Alpha.

The MLTC Bioenergy Centre generates renewable electricity and heat by burning sustainable waste biomass from the neighboring sawmill.

Phase 1 of the North Star Project will capture up to 140,000 tonnes of bioCO₂ per annum from the Bioenergy Centre’s flue gas and other onsite sources.

The Meadow Lake Tribal Council (MLTC) is excited to embark on the next stage of the North Star BECCS Project, in partnership with Svante and Carbon Alpha. 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, said Tribal Chief Jeremy Norman of MLTC.

FID in early 2027

The next steps for this advanced carbon capture project will be to conduct a front-end engineering design (FEED) study and test-well drilling campaign.

The lease of the space and test well license have already been obtained. The final investment decision (FID) for the project is expected in Q1 2027.