ExxonMobil and chemicals and engineering company Mosaic Materials will work together to advance carbon emission capture and removal technology, the American multinational oil and gas corporation said on Monday
"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," Thomas McDonald, chief executive officer of Mosaic Materials said.
The two companies will evaluate opportunities for industrial uses of the technology at scale.
"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," McDonald added.
"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," Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company said.
The collaboration comes a few months after ExxonMobil 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 in May.
(Anadolu Agency)
