ExxonMobil has extended its agreement with Global Thermostat to determine the feasibility and potential scalability of the company’s direct air capture (DAC) technology.
The two US-based companies originally announced the signing of a joint development agreement last year, but after twelve months of technical evaluation, decided to further expand on the original partnership.
Vijay Swarup, Vice-President of Research and Development for ExxonMobil Research and Engineering Company, said, “ExxonMobil’s scientists continue to research technology option aimed at reducing emissions at scale, which are key to achieving the goals of the Paris Agreement.”
“Our work with Global Thermostat has shown promising signs in the development of DAC 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 announcement follows the United Nations Framework Convention on Climate Change stating that carbon capture, usage and storage is a key technology for the decarbonisation of the energy sector in the long term.
Peter Eisenberger, Chief Science Officer at Global Thermostat, said, “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 CO2 into fuels, chemicals and materials.”
“We look for companies that want to help us in our mission. After a year of working with ExxonMobil, we recognise our shared objective and they certainly have the capabilities we do not have. We are excited about continuing out work together to scale our technology and welcome others to join us.”