ExxonMobil invests in carbon capture technology

    ExxonMobil and carbon capture technology Global Thermostat announced a joint development agreement this morning to advance technology to capture carbon dioxide emissions from industrial sources and the atmosphere.

    The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and scalability is established, pilot projects at ExxonMobil facilities like the Baton Rouge plant could follow. 

    “Advancing technologies to capture and concentrate carbon dioxide for storage and potential industrial use is among a suite of ExxonMobil research programs focused on developing lower-emissions solutions to mitigate the risks of climate change,” says Vijay Swarup, vice president of research and development for ExxonMobil, in the announcement. 

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