Chevron (CVX) Acquires Stake in Svante

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Chevron Invests in Carbon Capture and Removal Technology Company, Svante

December 15, 2022 4:30 PM EST

HOUSTON & VANCOUVER, British Columbia--(BUSINESS WIRE)-- Chevron New Energies (CNE), a division of Chevron U.S.A. Inc., and Svante announced that Chevron is the lead investor in Svantes Series E fundraising round, which raised $318 million that will be used to accelerate the manufacturing of Svantes carbon capture technology.

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