Arc discharge is the most practical method for the synthesis of single wall carbon nanotubes (SWCNT). However, the production of SWCNT by this technique has low selectivity and yield, requiring further purification steps. This work is a study of purification of SWCNT by heat treatment in an inert atmosphere followed by supercritical fluid extraction. The raw arc discharge material was first heat-treated at 1250 °C under argon. The nanotubes were further submitted to an extraction process using supercritical CO2 as solvent. A surfactant (tributylphosphate, TBP) and a chelating agent (hexafluoroacetylacetone, HFA) were used together to eliminate metallic impurities from the remaining arc discharge catalysts. Analysis of Inductively Coupled Plasma-Atomic Emission Spectrometry (ICP-AES) showed an efficient removal of iron and cobalt (>80%). The purified nanotubes were further analyzed by TGA and Raman spectroscopy.