ExxonMobil and Mosaic Materials to advance new carbon capture technology
US oil and gas giant ExxonMobil and California-based start-up Mosaic Materials have partnered to evaluate a new carbon capture technology that can remove carbon dioxide from emissions sources using advanced chemistry.
Mosaic Materials has developed a process that makes use of porous solids, known as metal-organic frameworks, to separate carbon dioxide from the air or flue gas.
Post agreement, both the companies will evaluate the scalability of new carbon capture technology for large industrial use.
ExxonMobil and Mosaic Materials join forces to advance new carbon capture technology. Photo courtesy of WClarke/Wikipedia.org.
Vijay Swarup – vice president of research and development at ExxonMobil Research and Engineering Company said: “New technologies in carbon capture will be critical enablers for us to meet growing energy demands, while reducing emissions.
“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.”
As part of the agreement, Mosaic Materials will also demonstrate both the cost reductions and the environmental benefits of its new and low-cost carbon capture technology.
Thomas McDonald – CEO of Mosaic Materials said: “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 had recently entered into a 10-year agreement, worth, up to $100 million, with the US Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory to research and develop advanced lower-emissions technologies.