Grants and Contributions:

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Title:

815765

Agreement Number:

815765

Agreement Value:

$25,000,000.00

Agreement Date:

Nov 2, 2021 - Mar 31, 2045

Description:

This project aims to build a manufacturing plant in Burnaby to increase production capacity to manufacture Structured Adsorbent Beds (SABs) and Rotary Adsorption Machines (RAMs) to help Svante's customers capture at least 2,000 tonnes of carbon each day. The project’s work phase is scheduled to end on March 31, 2026.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment would anchor the firm's manufacturing facilities in Canada. The project will result in economic and public benefits, including new job opportunities, job retention, co-op placements, and substantial investment in research and development.

Location:

Burnaby, British Columbia, CA V5J5K3

Reference Number:

033-2021-2022-Q3-815765

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

838943215

Recipient Type:

For-profit organization

Additional Information:

Please note this update includes a change to improve standardization of reporting across projects. The end date was updated from (31/03/2042) to the current end date of (31/03/2045). This is not an extension. The end date now reflects the entirety of the agreement duration, including the benefit phase and residual audit period.

Amendment Date

Jun 30, 2026

Recipient's Operating Name:

Svante Technologies Inc.

Recipient's Legal Name:

Svante Technologies Inc.

Federal Riding Name:

Burnaby South

Federal Riding Number:

59003

Program:

SIF Stream 2 - Growth

Program Purpose:

Encourage R&D that will accelerate technology transfer and commercialization of innovative products, processes and services; Facilitate the growth and expansion of firms in Canada; Attract and retain large scale investments to Canada; and-Advance industrial research, development and technology demonstration through collaboration between academia, non-profit organizations and the private sector.

NAICS Code:

493190

Amendments:

See Amendments