ExxonMobil and Global Thermostat announce carbon capture partnership

EXXONMOBIL and Global Thermostat have signed a joint development agreement to advance carbon capture technology.

Global Thermostat’s technology can capture CO₂ emissions via direct air capture and flue gas capture, and the collaboration will look at scaling up the technology for large industrial use. Pilot projects at ExxonMobil’s facilities could then follow. The companies are also exploring potential economic uses for the captured CO₂.

“Advancing technologies to capture and concentrate carbon dioxide for storage and potential industrial use is among a suite of ExxonMobil research programmes focussed on developing lower-emissions solutions to mitigate the risks of climate change,” said Vijay Swarup, Vice President of Research and Development for ExxonMobil Research and Engineering Company. “Our scientists see potential in this exciting technology that could lead to more affordable methods to reduce emissions in power generation and manufacturing, along with removing carbon dioxide from the atmosphere.”