In the United States (US), ExxonMobil Corporation, the largest publicly traded international oil and gas company, and carbon capture technology developer Global Thermostat LLC (GT) have signed a joint development agreement (JDA) to advance breakthrough technology that can capture and concentrate carbon dioxide (CO2) emissions from industrial sources, including power plants, and the atmosphere.

Formed in 2010, Global Thermostat is commercializing its advanced, multi-patented technology to remove CO2 from ambient air or other sources utilizing readily available low-cost process heat. Under the JDA, the companies will evaluate the potential scalability of GT’s carbon capture technology for large industrial use.
If technical readiness and scalability are established, pilot projects at ExxonMobil facilities could follow.
Advancing technologies to capture and concentrate carbon dioxide for storage and potential industrial use is among a suite of ExxonMobil research programs focused on developing lower-emissions solutions to mitigate the risk of climate change. Our scientists see potential in this exciting technology that could lead to more affordable methods to reduce emissions in power generation and manufacturing, along with removing carbon dioxide from the atmosphere, said Dr Vijay Swarup, VP R&D for ExxonMobil Research and Engineering Company.
ExxonMobil and Global Thermostat are also exploring opportunities to identify economic uses for captured CO2.
Scaling solutions that can address climate change globally requires significant investment, innovation, and collaboration. Global Thermostat’s game-changing direct-air capture and flue gas capture technologies offer a way to transform the growing risks associated with carbon dioxide emissions into a global solution that could satisfy both business and environmental objectives. By partnering with ExxonMobil, we’re harnessing the expertise and capabilities of one of the world’s largest energy companies to accelerate our ability to realize that vision, said Dr Peter Eisenberger, Chief Technology Officer and co-founder of Global Thermostat.
ExxonMobil’s partnership with Global Thermostat expands the company’s collaborative efforts with other companies and academic institutions that are focused on developing new energy technologies, improving energy efficiency, and reducing greenhouse gas (GHG) emissions.
The company recently committed to spending up to US$100 million over 10 years on research with the US Department of Energy’s (DOE) National Renewable Energy Laboratory (NREL) and National Energy Technology Laboratory (NETL) to bring lower-emissions technologies to a commercial scale.
Since 2000, ExxonMobil has invested more than US$9 billion in energy efficiency and low-emission technologies such as carbon capture and next-generation biofuels. ExxonMobil also works with about 80 universities around the world to explore next-generation energy technologies.