ExxonMobil and Global Thermostat extend carbon capture agreement


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. 

Read more: ExxonMobil and Global Thermostat work together on carbon capture technology

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.”

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