Terms
- Not ranked
- Announced, not closed
- Announced
- 31 Aug 2026
- Instrument
- Grants
- Amount
- US$5.03mReported as C$7,000,000 of a C$25,950,000 project, converted at 0.719 USD/CAD (August 2026 average)For 500,000 tCO2e
- Source
- eralberta.ca
Parties
- Project developer
- Svante Technologies Inc.
- Recipient type
- Technology company
- Country
- Canada
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis Emissions Reduction Alberta Grantor Not credited Not ranked
Carbon
- Pathway
- BECCS
- Project type as recorded
- Post-combustion capture of biogenic flue gas at the Mercer Peace River pulp mill, approximately 500,000 tCO2 a year, Svante solid sorbent filters
What happened
- Emissions Reduction Alberta awarded C$7m from the TIER fund towards the Peace River carbon capture project at Mercer Peace River pulp mill, capturing approximately 500,000 tonnes of CO2 a year from biogenic recovery boiler flue gas. Total project value C$25.95m. Announced alongside fifteen other projects on the same day.
Kumo note
- Public money into biogenic capture at a pulp mill, which is one of the few industrial sites where the CO2 coming off the stack is already biogenic and so capturing it is removal rather than avoidance. A demonstration unit is running; the commercial project has not taken FID.
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