ExxonMobil, Mosaic combine to reduce CO2 emissions
ExxonMobil and Mosaic Materials are both looking at ways to explore advancing technology designed to remove carbon dioxide from emissions sources.
The companies want to evaluate its possibilities for large industrial use as part of ExxonMobil’s drive towards working out the best way of reducing costs of carbon capture technology
Mosaic Materials has progressed research on a process that uses porous solids, known as metal-organic frameworks, to separate carbon dioxide from air or flue gas. The agreement with ExxonMobil will enable the two companies to evaluate opportunities for industrial uses of the technology on a large scale.
“New technologies in carbon capture will be critical enablers for us to meet growing energy demands, while reducing emissions,” said Vijay Swarup, Vice President of Research and Development for ExxonMobil Research and Engineering Company.
“Our agreement with Mosaic expands our carbon capture technology research portfolio, which is evaluating multiple pathways — including evaluation of carbonate fuel cells and direct air capture – to reduce costs and enable large-scale deployment. Adding Mosaic’s approach will allow us to build on their work to evaluate the potential for this technology to have a meaningful impact in reducing carbon dioxide emissions.”
Thomas McDonald, CEO of Mosaic Materials, added: “Through this agreement with ExxonMobil, we look to accelerate the pace of our development and demonstrate the business and environmental benefits that our technology can offer.
“Our proprietary technology allows us to separate carbon dioxide from nearly any gas mixture using moderate temperature and pressure changes, substantially increasing energy efficiency and decreasing costs.”
ExxonMobil also recently announced a 10-year, up to $100 million agreement to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.
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