ExxonMobil and FuelCell Energy have signed a new two-year expanded joint development agreement to enhance carbonate fuel cell technology in order to capture carbon dioxide (CO2) from industrial facilities.
Worth up to $60m, the agreement will focus on optimising the core technology, process integration and large-scale deployment of carbon capture solutions.
“ExxonMobil is working to advance carbon capture technologies while reducing costs and enhancing scalability,” said Vijay Swarup, Vice-President of Research and Development for ExxonMobil Research and Engineering Company.
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