US-headed ExxonMobil Corporation, one of the largest publicly traded international energy companies, and carbon capture technology developer Global Thermostat LLC (GT) have announced that they have expanded their Joint Development Agreement (JDA) following 12 months of technical evaluation to determine the feasibility and potential scalability of Global Thermostat’s direct air capture (DAC) technology that captures carbon dioxide (CO2) directly from the air.
In June 2019, the companies signed a Joint Development Agreement (JDA) to advance “breakthrough technology” that can capture and concentrate carbon dioxide (CO2) emissions from industrial sources, and evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use.
The parties have now expanded the JDA seeing promise in direct air capture (DAC) technology.
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. 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, said Dr Vijay Swarup, VP of R&D for ExxonMobil Research and Engineering Company.
Global Thermostat’s CO2 capture uses proprietary amine-based adsorbents to remove CO2 from the air. These compounds act together as 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 the 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 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, said Dr Peter Eisenberger Chief Science Officer of Global Thermostat.
ExxonMobil has a strong network of research partnerships across universities and national labs. As a part of the JDA with Global Thermostat, ExxonMobil will leverage this network and engage the expertise of university partners that have strong expertise in material science and the US Department of Energy’s National Labs that offer expertise in CO2 capture and utilization (CCU).
Global Thermostat will also engage its network of universities and industrial partners to help scale its technology.
