ExxonMobil Corp. (Irving, Tex.; www.exxonmobil.com) and Mosaic Materials said that they have entered into an agreement to explore the advancement of breakthrough technology that can remove carbon dioxide from emissions sources.
Mosaic Materials has progressed research on a unique process that uses porous solids, known as metal-organic frameworks (MOFs), to separate carbon dioxide from air or fluegas. The agreement with ExxonMobil will enable further discussion between the two companies to evaluate opportunities for industrial uses of the technology at scale.
“New technologies in carbon capture will be critical enablers for us to meet growing energy demands, while reducing emissions,” said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company.
“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.”
“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,” said Thomas McDonald, chief executive officer of Mosaic Materials. “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.”
Mosaic Materials’ agreement with ExxonMobil is part of Mosaic’s commitment to accelerate the impact of its innovative, low-cost technology, and is Mosaic’s latest direct engagement with companies across a range of industries to demonstrate both the cost reductions and the environmental benefits of employing Mosaic’s solutions.
ExxonMobil is among several major energy companies to invest in novel carbon-reduction technologies. Occidental Petroleum recently announced an investment in biotechnology startup firm Cemvita Factory, and earlier this year, Chevron and Occidental invested in Carbon Engineering Ltd.’s Direct Air Capture technology.