GE Gas Power and Svante agreed to develop a carbon capture technology for natural gas power generation applications. Apart from the joint development agreement, GE had also invested in Svante as part of the latter’s fundraising round in December last year. Chevron led the round, capping the biggest carbon capture fundraising deal in the region. The partnership between GE and Svante will focus on further development and commercialization of one specific kind of carbon capture technology – solid sorbent. This tech can capture carbon right at the source of the emission, also known as point-source carbon capture. It is also applicable in sucking in carbon directly from the air, otherwise called the direct air capture (DAC) system.

Source:  carboncredits.com