Canada’s Scovan Group Inc. is delving into the carbon seize enterprise with the acquisition of the carbon seize and solvent reclamation belongings and workers of Delta CleanTech Inc.
Scovan Group is the father or mother firm of Scovan Inc., a non-public Western Canadian engineering, procurement, fabrication and building administration (EPFC) firm.
“This strategic acquisition represents a big step ahead in Scovan’s dedication to driving innovation and delivering sustainable engineering options,” the corporate stated in a information launch.
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The acquisition will lead to a brand new entity that can associate with Scovan whereas working as a separate group. The entity, centered on carbon seize, will preserve continuity with key technical personnel, together with Delta CleanTech’s Jeff Allison who will assume the place of VP for Operations. Scovan’s Kelly Mantei will change into the group’s COO, the corporate said.
In response to an announcement from Delta CleanTech, Scovan will purchase sure belongings associated to Delta’s liquids, purification, carbon seize, and OExperts divisions for an mixture buy value of as much as an mixture buy value of $0.73 million (CAD 1.05 million) with undertaking royalties payable of as much as $10.69 million (CAD 15.3 million) over a most seven-year time period.
“This deal signifies a brand new chapter for carbon seize development in Western Canada. Delta CleanTech’s merchandise and group are the proper associate to Scovan’s EPFC providers,” Mantei stated. “This partnership permits us to leverage complementary strengths, innovate collectively, and supply unparalleled worth to our shoppers”.
“Having the chance to proceed Delta’s legacy of carbon seize excellence in partnership with Scovan is actually thrilling,” Allison stated within the launch. “This permits us to construct on our experience, scale up our impression, and assist shoppers in attaining their sustainability objectives”.
“The strategic merger of Delta’s CO2 [carbon dioxide] emissions discount and associated purification division with Scovan, will present the engineering and fabrication capabilities that Delta was lacking from its product providing. [The] closing of the proposed transaction will enable the company to maneuver ahead with a robust and skilled course of design, engineering and fabrication capabilities,” Allison stated within the assertion.
As a part of the sale of the belongings, Calgary, Alberta-based Delta CleanTech has bought its enterprise title to Scovan. The corporate will change its title to “one other appropriate title,” it stated.
Operations will proceed with no disruption to shoppers, workers, or companions. Scovan stays devoted to delivering the high-quality providers and revolutionary options our stakeholders have come to anticipate.
Delta CleanTech describes itself as a 19-year ESG-driven agency centered on carbon seize, power decarbonization, solvent and glycol reclamation, blue hydrogen manufacturing, and carbon credit score aggregation and administration. The corporate offers options to world shoppers for sequestering, capturing, and decreasing carbon dioxide. By its affiliate Carbon RX, it additionally works with carbon credit.
Scovan describes itself as an EPFC agency that gives revolutionary, sustainable providers for the power sector. The corporate’s “confirmed monitor file, distinctive method and turnkey choices enable them to supply end-to-end options, from piloting to full-scale industrial improvement,” it stated.
Previously months, Alberta has seen a variety of carbon seize tasks transfer ahead. In June 2024, Shell plc subsidiary Shell Canada Merchandise made a ultimate funding resolution (FID) for Polaris, a carbon seize undertaking on the Shell Power and Chemical compounds Park in Scotford.
In September 2024, Alberta’s authorities allotted $2.04 million for the primary facility in Canada to make use of carbon seize to show municipal waste into electrical energy. The power shall be constructed on Gibson Power land inside the Designated Industrial Zone in Alberta’s Industrial Heartland, with operations estimated to start in 2027, in keeping with the discharge. Strong waste from municipal landfills shall be transformed into electrical energy for the grid, with the captured carbon injected into considered one of Alberta’s carbon sequestration hubs. The power is anticipated to seize and retailer about 185,000 metric tons of carbon dioxide per yr.
To contact the writer, e-mail rocky.teodoro@rigzone.com
