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World's first CO₂ filter gigafactory can offset emissions from 27 million cars yearly

World's first CO₂ filter gigafactory can offset emissions from 27 million cars yearly

Yahoo22-05-2025

The world's first carbon filter gigafactory is here.
Svante Technologies has officially launched operations at the Redwood Manufacturing Facility in Burnaby, British Columbia — the world's first gigafactory built to churn out commercial-scale carbon capture filters.
These filters are designed for heavy-emitting sectors like pulp and paper, waste-to-energy, cement, steel, and fossil fuels.
Spanning 141,000 square feet, the new Centre of Excellence mass-produces solid sorbent filters that trap CO₂ directly from industrial smokestacks and the air — a global first at this scale.
The filters are Svante's own patented structured design, coated with metal-organic frameworks (MOF), an advanced material that boosts carbon capture efficiency and scalability.
With the capacity to capture up to 10 million tonnes of CO₂ annually, which equals the emissions of more than 27 million cars, Redwood marks a defining moment in carbon management.
By blending high-volume automation with standardized manufacturing, The Svante hopes to dramatically reduce the cost of capturing carbon at scale.
"Today, we are making history. This gigafactory is a critical step forward in building the infrastructure necessary to scale up the carbon management industry and to build a marketplace for physical CO2,' Svante President & CEO Claude Letourneau said in a press release.
'This first-of-a-kind manufacturing facility is a demonstration of what's possible when technology and climate ambition align to lend nature a hand in managing global CO2 emissions."
The Vancouver-headquartered firm is initially targeting biogenic carbon removal (CDR) sectors such as pulp and paper, ethanol production, and waste-to-energy, where flue gases have higher CO₂ concentrations and lower capture costs, making CDR credit generation more feasible.
But it has its task cut out. Tackling emissions from cement, steel, and fossil fuel industries poses a challenge, but Svante is ready to scale that mountain, thanks to the newly opened gigafactory.
"We're also proud to launch this transformative manufacturing facility in Canada, which allows us to bring the supply chain to our shores and bring carbon management solutions closer to the needs of emitting industries in North America," Letourneau said.
Backed by a 145 million USD investment and a powerhouse lineup of strategic partners — including Chevron New Energies, Temasek, M&G, Canada Growth Fund, United Airlines Ventures, Samsung, and GE Vernova — Redwood is just the beginning. Svante expects to build more such gigafactories in the coming decade to meet soaring global demand for carbon management.
Svante's tech is already powering key pilot projects, including installations at Chevron's Kern River facility in California. The Vancouver-based firm is also demonstrating effective carbon capture at Lafarge's Richmond Cement Plant in British Columbia as part of its CO₂MENT collaboration with Lafarge Holcim.
The company also supplies filters to Climeworks, whose Gen 3 direct air capture tech reportedly halves energy costs and doubles carbon capture capacity.
With its pioneering approach and global-scale ambitions, Svante is setting a new standard for engineered carbon removal.
The Redwood facility not only boosts confidence among investors, customers, and partners, it also signals that Svante is ready to deliver carbon capture at true commercial scale.

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WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo
WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo

Yahoo

time31 minutes ago

  • Yahoo

WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo

Over 240 new units in upscale Tokyo locations set to open from Autumn 2025 TOKYO, June 10, 2025--(BUSINESS WIRE)--WEAVE LIVING, Asia-Pacific's pre-eminent living sector specialist, and KKR, a leading global investment firm, today announced the signing of definitive agreements to acquire six properties in prime Tokyo locations. The move builds on the continued momentum of the Weave Living Japan Residential Venture I ("WLJRV I") strategic partnership between WEAVE LIVING and KKR. With the latest acquisitions, the strategic partnership has grown its portfolio to 17 properties within the first six months of its establishment. Three of these new acquisitions are located in Tokyo's upscale Minato ward neighbourhoods of Roppongi, Minami Azabu and Shirokane. WEAVE LIVING will also introduce its premium WEAVE RESIDENCES brand as part of its Roppongi and Minami Azabu offerings, featuring luxurious, metropolitan living in spacious, fully furnished family-friendly homes, complete with modern decor, and thoughtful design finishes. These homes will help meet growing demand by discerning executives seeking an elevated living experience in the supply-constrained Minato area. The remaining locations will expand the WEAVE PLACE brand, offering beautifully designed private apartments with various furnished options catering to the respective needs of a diverse tenant base including local professionals, expatriates and corporates. Under these plans, more than 240 fully-furnished luxury rental properties are expected to be ready starting from fall 2025. "As part of our steady growth in the Japan market and across Asia-Pacific, we are thrilled to expand our collaboration with KKR and our Japan-based offering to six new locations that are extremely desirable even by Tokyo standards," said Sachin Doshi, Founder and Group CEO of WEAVE LIVING. "Also factoring in the planned Japan debut of our WEAVE RESIDENCES brand, this is a further demonstration of our commitment to offering an ever-wider selection of living options to renters at various life stages, with an emphasis on the distinctive attractiveness of each of the fantastic locations that make up our expanded portfolio in Tokyo." Kensuke Kudo, Managing Director, Real Estate, KKR, said, "We are proud of the strong momentum that our strategic partnership with WEAVE LIVING has achieved in a short span of time. This expansion underscores our conviction in the long-term fundamentals of Japan's residential sector and ability to deliver high-quality, differentiated offerings to meet the evolving residential needs of corporates and executives in Japan. We look forward to continued collaboration with Sachin to scale this promising platform." KKR is making its investment from its Asia real estate strategy. The transaction adds to KKR's continued activity and momentum in Japan's real estate sector across different real estate investment strategies, including KJR Management, a leading Japanese real estate manager that oversees two J-REITs; hospitality and office assets across Japan; and a portfolio of multifamily properties in Tokyo. A full overview of WEAVE LIVING's existing Tokyo locations can be found on the recently revamped WEAVE LIVING website, along with details on a unique rental offering that includes flexible lease periods; transparent payment plans inclusive of all Wi-Fi and utilities; a fully digital-first leasing experience; tenant support via the proprietary WEAVE LIVING mobile app; and a welcome respite from prohibitive up-front charges typical in the Japanese multi-family rental market. Leasing enquiriesTel: (+81) 03-6262-5628Email: Existing locations: Weave Place – Shinkamata, Weave Place – Kanda East, Weave Place – Asakusa South, Weave Place – Asakusa Kaminarimon, Weave Place – Ueno South, Weave Place – Waseda Park, Weave Place – Higashi-Koenji, Weave Place – Monzennakacho, Weave Place – Morishita, Weave Place – Ryogoku, Weave Place – Kunitachi For full details of property lineup and available units, and to request viewings, please visit About WEAVE LIVINGWeave Living is a leading provider of urban rental accommodation in key gateway cities throughout Asia Pacific. Since its founding in 2017 by Sachin Doshi, Weave has reimagined renting a home in big cities so more people can live their best life, wherever they are on their adventure. Weave currently offers four unique living options that cater to a diverse range of modern lifestyles: luxurious Weave Residences; fully serviced Weave Suites; self-contained Weave Place; and social co-living Weave Studios. Each class-leading home combines modern aesthetics, superior finishes, and a fully tech-enabled experience together with superior comfort and flexibility in the best urban locations. At present, Weave owns and manages residential properties in Hong Kong, Singapore, Japan, and South Korea, with more on the way. Weave LivingWebsite: Instagram: @liveatweave Facebook: @liveatweave About KKRKKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at View source version on Contacts Media Enquiries This press release is disseminated by Kyodo PR on behalf of Weave Living. For more information or for interview opportunities, please contact: David McMahon (English)Email: Tel: (+81) 080-8914-9376 Aya Asoshina (Japanese)Email: a-asoshina@ Tel: (+81) 070-4303-7299 For KKR: Wei Jun Ong+65 6922 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo
WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo

Business Wire

time36 minutes ago

  • Business Wire

WEAVE LIVING and KKR Build on Strategic Partnership with Acquisition of Portfolio of Residential Properties in Prime Central Tokyo

TOKYO--(BUSINESS WIRE)--WEAVE LIVING, Asia-Pacific's pre-eminent living sector specialist, and KKR, a leading global investment firm, today announced the signing of definitive agreements to acquire six properties in prime Tokyo locations. The move builds on the continued momentum of the Weave Living Japan Residential Venture I ('WLJRV I') strategic partnership between WEAVE LIVING and KKR. With the latest acquisitions, the strategic partnership has grown its portfolio to 17 properties within the first six months of its establishment. Three of these new acquisitions are located in Tokyo's upscale Minato ward neighbourhoods of Roppongi, Minami Azabu and Shirokane. WEAVE LIVING will also introduce its premium WEAVE RESIDENCES brand as part of its Roppongi and Minami Azabu offerings, featuring luxurious, metropolitan living in spacious, fully furnished family-friendly homes, complete with modern decor, and thoughtful design finishes. These homes will help meet growing demand by discerning executives seeking an elevated living experience in the supply-constrained Minato area. The remaining locations will expand the WEAVE PLACE brand, offering beautifully designed private apartments with various furnished options catering to the respective needs of a diverse tenant base including local professionals, expatriates and corporates. Under these plans, more than 240 fully-furnished luxury rental properties are expected to be ready starting from fall 2025. 'As part of our steady growth in the Japan market and across Asia-Pacific, we are thrilled to expand our collaboration with KKR and our Japan-based offering to six new locations that are extremely desirable even by Tokyo standards,' said Sachin Doshi, Founder and Group CEO of WEAVE LIVING. 'Also factoring in the planned Japan debut of our WEAVE RESIDENCES brand, this is a further demonstration of our commitment to offering an ever-wider selection of living options to renters at various life stages, with an emphasis on the distinctive attractiveness of each of the fantastic locations that make up our expanded portfolio in Tokyo.' Kensuke Kudo, Managing Director, Real Estate, KKR, said, 'We are proud of the strong momentum that our strategic partnership with WEAVE LIVING has achieved in a short span of time. This expansion underscores our conviction in the long-term fundamentals of Japan's residential sector and ability to deliver high-quality, differentiated offerings to meet the evolving residential needs of corporates and executives in Japan. We look forward to continued collaboration with Sachin to scale this promising platform.' KKR is making its investment from its Asia real estate strategy. The transaction adds to KKR's continued activity and momentum in Japan's real estate sector across different real estate investment strategies, including KJR Management, a leading Japanese real estate manager that oversees two J-REITs; hospitality and office assets across Japan; and a portfolio of multifamily properties in Tokyo. A full overview of WEAVE LIVING's existing Tokyo locations can be found on the recently revamped WEAVE LIVING website, along with details on a unique rental offering that includes flexible lease periods; transparent payment plans inclusive of all Wi-Fi and utilities; a fully digital-first leasing experience; tenant support via the proprietary WEAVE LIVING mobile app; and a welcome respite from prohibitive up-front charges typical in the Japanese multi-family rental market. Existing locations: Weave Place – Shinkamata, Weave Place – Kanda East, Weave Place – Asakusa South, Weave Place – Asakusa Kaminarimon, Weave Place – Ueno South, Weave Place – Waseda Park, Weave Place – Higashi-Koenji, Weave Place – Monzennakacho, Weave Place – Morishita, Weave Place – Ryogoku, Weave Place – Kunitachi For full details of property lineup and available units, and to request viewings, please visit About WEAVE LIVING Weave Living is a leading provider of urban rental accommodation in key gateway cities throughout Asia Pacific. Since its founding in 2017 by Sachin Doshi, Weave has reimagined renting a home in big cities so more people can live their best life, wherever they are on their adventure. Weave currently offers four unique living options that cater to a diverse range of modern lifestyles: luxurious Weave Residences; fully serviced Weave Suites; self-contained Weave Place; and social co-living Weave Studios. Each class-leading home combines modern aesthetics, superior finishes, and a fully tech-enabled experience together with superior comfort and flexibility in the best urban locations. At present, Weave owns and manages residential properties in Hong Kong, Singapore, Japan, and South Korea, with more on the way. About KKR KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at

Sobot Reveals "AI-First" Strategy for Delivering Human-like Customer Service
Sobot Reveals "AI-First" Strategy for Delivering Human-like Customer Service

Yahoo

time36 minutes ago

  • Yahoo

Sobot Reveals "AI-First" Strategy for Delivering Human-like Customer Service

Reshaping AI-Powered Customer Service and CX with Five Pillars of Next-Gen AI NEW YORK, June 10, 2025 /PRNewswire/ -- Sobot, a leading AI customer contact solution provider, unveiled its "AI-First" strategy at a media launch event this month. The move elevates Sobot AI with five pillars, including Omnichannel AI, Scenario-Based AI, Multi-Faceted AI, Generative AI and Secure AI to create an experience-led, easy-to-use, and efficiency-driven solution. Sobot Aims to Deliver Intelligent yet More Human-like Service AI has quickly become central to digital transformation in customer service. According to MarketsandMarkets, the global AI-for-customer-service market was valued at USD 12.06 billion in 2024 and is projected to reach USD 47.82 billion by 2030. Yet 52% of customers prefer human interaction for its empathy, while another 42% favor a blend of AI and human support. While some customers find AI insufficiently human, its adoption in customer service is now irreversible. Customer service solution providers must therefore balance customer expectations with the power of AI. "Fed up with limited contextual comprehension, inflexible responses, and poor emotional perception, customers want their needs understood and met," said Yi Xu, CEO of Sobot. "Our 'AI-First' strategy doesn't just automate processes; it aims to provide intelligent but more human-like services." Highlight of Sobot's AI-First Strategy: Five Pillars of Next-Gen AI Omnichannel AI - Ensuring Seamless, Efficient Experience Across All Channels Sobot AI integrates websites, mobile apps, social platforms such as Facebook, Instagram and WhatsApp, plus email, phone calls and SMS. Beyond online chat, it includes AI voicebot that can handle inbound and outbound calls. Sobot AI also unifies and connects information of all channels, giving customers a seamless experience wherever they start. Scenario-Based AI - Providing Industry-Specific Solutions Sobot AI is never limited to fixed functions, it keeps upgrading and extending, making it suitable for various industries. Designed especially for retail and e-commerce, Sobot AI spans the entire purchase journey. It answers pre-sales inquiries 24/7, converting browsers into buyers; it sends personalized recommendations during checkout to increase the sales volume; it resolves post-sales issues quickly to boost customer satisfaction. Multi-Faceted AI - Supporting Customers, Agents and Administrators Sobot AI supports multiple roles during the process of customer service. For customers, Sobot AI Agent learns from the knowledge base to deliver accurate, humanized service. For human agents, Sobot AI Copilot suggests replies and drafts summaries, raising efficiency. For administrators, Sobot AI Insight supplies detailed dashboards to optimize operations. Generative AI - Combining Multiple Advanced LLMs and SLMs Powered by leading LLMs (Large Language Models) such as OpenAI and DeepSeek, Sobot AI boasts powerful generative capacity able to decompose knowledge, retrieve the most relevant content, and intelligently composes accurate responses. Sobot AI is also powered by several SLMs (Small Language Models), which is helpful to create industry-oriented solutions, enhancing the accuracy and professionalism of customer service. Secure AI - Guaranteeing Global Data Privacy and Compliance Sobot aligns its platform with country-specific regulations and holds a number of internationally recognized certifications in information, cloud, and system security. Regional data centers in the United States, Europe, Singapore, and other locations ensure reliable performance worldwide. Sobot is Committed to Reshaping Customer Service with Humanized AI Alongside its "AI-First" strategy, Sobot has refreshed its website, especially the AI Solution page so customers can easily learn more about the basic features, use cases, benefits, and more of Sobot AI. And just as what is shown in its website, Sobot's new generation of AI is committed to creating "experience-led, easy-to-use and efficiency-driven AI for CX". Xu added, "Our strategy prioritizes customer experience, but it is equally valuable for businesses. The five pillars are its cornerstone, yet their essence is humanization. Sobot will continue to practice this vision, helping more customers and companies reshape service through humanized AI." For more information, please visit View original content to download multimedia: SOURCE Sobot Sign in to access your portfolio

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