Svante Technologies Inc. has acquired Calgary-based Carbon Alpha Corporation and its related subsidiaries, including Carbon Alpha Development Corp., in a move that expands its capabilities across the carbon capture and storage (CCS) value chain.
The acquisition brings Carbon Alpha’s North Star Bioenergy Carbon Capture and Storage (BECCS) project in Saskatchewan into Svante’s portfolio. The project is being developed in partnership with the Meadow Lake Tribal Council (MLTC) and will now operate under Svante Development Inc.
The transaction strengthens Svante’s position in geological CO₂ storage and supports its strategy to develop an integrated carbon management platform covering carbon capture, transport and permanent storage.
The North Star project will install BECCS technology at the MLTC Bioenergy Centre, a forestry biomass cogeneration facility in Saskatchewan. The project aims to permanently store captured biogenic CO₂ in a deep saline aquifer while generating verified carbon dioxide removal (CDR) credits.
Phase one of the project is expected to capture up to 140,000 tonnes of CO₂ annually from the facility’s flue gas and other onsite sources. A new pipeline developed by Carbon Alpha will connect the capture facility to a geological storage site southwest of Meadow Lake.
MLTC, which represents nine First Nations in Saskatchewan, will remain a co-owner of the BECCS facility alongside Svante.
Claude Letourneau, President and CEO of Svante, said the acquisition would accelerate deployment of engineered carbon removal solutions. “This project is a game changer for Svante and a pivotal moment for scaling verifiable, durable engineered carbon removal solutions,” he said.
Simon Bregazzi, former CEO of Carbon Alpha, said the partnership would strengthen the company’s ability to develop large-scale BECCS projects. “Joining a globally respected and well capitalised organisation strengthens our ability to advance high-integrity carbon dioxide removal with greater scale and certainty,” he said.
MLTC Tribal Chief Jeremy Norman said the project would create long-term benefits for local communities. “North Star provides economic development, full-cycle carbon sustainability and added value to MLTC’s existing green energy infrastructure,” he said.
The next phase of the project will include a front-end engineering design (FEED) study and a test-well drilling campaign. The final investment decision (FID) is expected in the first quarter of 2027.
The project will follow Puro.earth’s geologically stored carbon methodology and aims to establish a robust monitoring, reporting and verification framework for carbon removal credits.
