ExxonMobil and Mosaic Materials have entered into an agreement to explore a new carbon capture technology which uses advanced chemistry to remove carbon dioxide from emissions sources.
Mosaic Materials, a chemicals and engineering company, has researched the unique process that uses porous solids, known as metal-organic frameworks, to separate carbon dioxide from air of flue gas.
“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 R&D 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.”
“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, CEO 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 Material’s agreement with ExxonMobil is part of Mosaic’s commitment to accelerate the impact of its innovative, low-cost technology.
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