ExxonMobil strikes another technology deal in bid to reduce greenhouse gas emissions

    ExxonMobil and tech company Mosaic Materials have entered into an agreement to explore the advancement of technology that can remove carbon dioxide from emissions sources.

    Mosaic Materials is researching a process that uses porous solids, known as metal-organic frameworks, to separate carbon dioxide from air or flue gas. The agreement with ExxonMobil will enable further discussion between the two companies to evaluate opportunities for industrial uses of the technology at scale.

    Vijay Swarup, vice president of research and development for ExxonMobil says in a statement, the “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.” 

    ExxonMobil also recently 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. Read the full announcement. 

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