Suncor Energy has invested $25m in carbon capture technology firm Svante, an investment the company says will help commercialise CO2 capture technology in North America and boost blue hydrogen production.
The new technology is part of Suncor Energy’s desire to create blue hydrogen as an energy product and could significantly reduce the cost associated with carbon capture, the company said in a statement.
Read more: Shades of hydrogen: Understanding grey, blue and green
The investment suggests that Suncor is committed to commercialising the carbon capture technology to the wider industry to help aid the decarbonisation of hydrogen production.
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