ExxonMobil and Mosaic Materials have agreed to explore the advancement of technology to remove carbon dioxide from emissions sources.
Mosaic Materials has progressed analysis on a course of that makes use of porous solids, referred to as metal-organic frameworks, to separate carbon dioxide from the air or flue fuel. The agreement with ExxonMobil will allow additional dialogue between the two companies to evaluate alternatives for industrial uses of the technology at scale.
“New technologies in carbon capture will be critical enablers for us to satisfy rising energy demands, whereas reducing emissions,” stated Vijay Swarup, vice president of analysis and development for ExxonMobil Research and Engineering Company.
“Our settlement with Mosaic expands our carbon seize technology research portfolio, which is evaluating multiple pathways — including analysis of carbonate fuel cells and direct air seize – to reduce prices and enable giant-scale deployment. Including Mosaic’s strategy will permit us to build on their work to evaluate the potential for this technology to have a meaningful impression in reducing carbon dioxide emissions.”
“Through this agreement with ExxonMobil, we glance to accelerate the pace of our development and display the business and environmental advantages that our technology can supply,” stated Thomas McDonald, chief executive officer of Mosaic Supplies. “Our proprietary technology permits us to separate carbon dioxide from almost any gas mixture utilizing moderate temperature and pressure changes, substantially increasing vitality effectivity and lowering prices.”
Mosaic Materials’ settlement with ExxonMobil is a part of Mosaic’s commitment to speed up the impact of its innovative, low-price technology, and is Mosaic’s newest direct engagement with companies across a spread of industries to display each the cost reductions and the environmental benefits of using Mosaic’s solutions.