ExxonMobil and Mosaic Materials have inked an agreement to work on advancing the breakthrough technology that can remove carbon dioxide from emissions sources. The deal has, at its core a new technology that is currently in the pipeline. Mosaic Materials are studying a unique technique that can use porous solids, also called metal-organic frameworks, to extract carbon dioxide from the air or flue gas. ExxonMobil will promote further discussion between the two firms to evaluate opportunities for the commercial deployment of the technology.
Vijay Swarup, Vice President, Research and Development, ExxonMobil Research and Engineering Company, commented that the new technologies in carbon capture would be vital for the company to accommodate the growing energy demands while lowering emissions. The partnership builds upon ExxonMobil’s portfolio, which encompasses its collaborations with startups, academicians, and governmental authorities, dedicated to developing next-generation energy technologies that can enhance energy efficiency and diminish the emissions of greenhouse gases. The company recently announced a 10-year agreement, valued at up to $100 million, for research and development of advanced lower-emissions technologies with the National Energy Technology Laboratory and the National Renewable Energy Laboratory under the U. S. Department of Energy. The company also backs Cyclotron Road, a fellowship created for entrepreneurial scientists managed by Lawrence Berkeley National Laboratory and an independent non-profit organization named Activate. Mosaic Materials’ agreement with ExxonMobil is synonymous with Mosaic’s commitment to advance the impact of its innovative, affordable technology. This announcement marks Mosaic’s most recent direct engagement with companies across several industries to demonstrate cost reductions and the environmental advantages associated with Mosaic’s solutions.
ExxonMobil’s team of engineers and scientists have been exploring the application of technologies that could be beneficial in the extensive deployment of carbon capture and storage. The company has successfully captured around 7 million tonnes of carbon dioxide per year. Swarup has also mentioned that incorporating Mosaic’s approach will allow the company to have a meaningful impact on lowering carbon dioxide emissions.