ExxonMobil Expands Agreement with Global Thermostat, Sees Promise in Direct Air Capture Technology
September 21 2020 - 8:00AM
Business Wire
- Joint development effort advances breakthrough technology and
ways to bring it to scale
- Technology removes carbon dioxide from the atmosphere
- Direct air capture technology recognized as an important tool
to achieve negative emissions
ExxonMobil and Global Thermostat have expanded their joint
development agreement following 12 months of technical evaluation
to determine the feasibility and potential scalability of Global
Thermostat’s technology that captures carbon dioxide (CO2) directly
from the air.
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“ExxonMobil’s scientists continue to research technology options
aimed at reducing emissions at scale, which are key to achieving
the goals of the Paris Agreement,” said Vijay Swarup, vice
president of research and development for ExxonMobil Research and
Engineering Company. “Our work with Global Thermostat has shown
promising signs in the development of direct air capture
technologies that could be brought to scale. We look forward to
seeing how new materials might accelerate this potential, while
also continuing our research that captures CO2 from power
generation facilities.”
The United Nations Framework Convention on Climate Change has
said that CO2 capture, use and storage “is a key technology for the
decarbonization of the energy sector in the long term.” In
addition, the International Energy Agency recognizes that CO2
removal is expected to play a “key role” in the energy
transition.
Global Thermostat’s CO2 capture uses proprietary amine-based
adsorbents to remove CO2 from the air. These compounds act together
like a filter to efficiently capture CO2, which can then be stored
safely underground, used to make chemicals, consumer products or
construction materials.
“Global Thermostat is dedicated to addressing the risks of
climate change and doing so in a way that creates global prosperity
by working with others who have technology to transform the CO2
into fuels, chemicals and materials,” said Peter Eisenberger, chief
science officer of Global Thermostat. “We look for companies that
want to help us in our mission. After a year of working with
ExxonMobil, we recognize our shared objective and they certainly
have the capabilities we do not have. We are excited about
continuing our work together to scale our technology and welcome
others to join us.”
ExxonMobil has a strong network of research partnerships across
universities and national labs. As a part of the joint development
agreement with Global Thermostat, ExxonMobil will leverage this
network and engage the expertise of university partners that have
strong expertise in material science and the U.S. Department of
Energy’s National Labs that offer expertise in CO2 capture and
utilization. Global Thermostat will also engage its network of
universities and industrial partners to help scale its
technology.
The original agreement with Global Thermostat was signed in
2019.
About ExxonMobil ExxonMobil (XOM), one of the largest
publicly traded international energy companies, uses technology and
innovation to help meet the world’s growing energy needs.
ExxonMobil holds an industry-leading inventory of resources, is one
of the largest refiners and marketers of petroleum products, and
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About Global Thermostat Formed in 2010, Global Thermostat
(GT) is commercializing its advanced, multi-patented technology to
transform carbon dioxide from a global liability into an
opportunity for global prosperity. Using its proven, breakthrough
technology, GT economically captures and concentrates CO2, enabling
its profitable re-use across multiple large & growing
industries – including materials which sequester the CO2, which is
needed to address climate change.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including project plans, scaling
and expanding current research, the impacts of new technologies,
and the creation of new sources of supply for industrial processes,
could vary depending on the outcome of further research and
testing; the development and competitiveness of alternative
technologies; the ability to scale pilot projects on a
cost-effective basis; political and regulatory developments; and
other factors discussed in this release and under the heading
“Factors Affecting Future Results” on the Investors page of
ExxonMobil’s website at exxonmobil.com.
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ExxonMobil Media Relations, 972-940-6007
Global Thermostat, 646-798-6217
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