{"id":65523,"date":"2019-08-12T07:45:52","date_gmt":"2019-08-12T05:45:52","guid":{"rendered":"https:\/\/renewable-carbon.eu\/news\/?p=65523"},"modified":"2021-09-09T21:27:35","modified_gmt":"2021-09-09T19:27:35","slug":"exxonmobil-and-global-thermostat-to-advance-breakthrough-atmospheric-carbon-capture-technology","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/exxonmobil-and-global-thermostat-to-advance-breakthrough-atmospheric-carbon-capture-technology\/","title":{"rendered":"ExxonMobil and Global Thermostat to Advance Breakthrough Atmospheric Carbon Capture Technology"},"content":{"rendered":"<ul>\n<li><strong>Companies to evaluate potential scalability<\/strong><\/li>\n<li><strong>Applications could extend across multiple industrial sectors<\/strong><\/li>\n<\/ul>\n<p>IRIVING, Texas \u2013 ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere.<\/p>\n<p>The companies will evaluate the potential scalability of Global Thermostat\u2019s carbon capture technology for large industrial use. If technical readiness and scalability is\u00a0 established,\u00a0 pilot\u00a0 projects at ExxonMobil facilities could follow.<\/p>\n<p>\u201cAdvancing 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 risks of climate change,\u201d said Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company.<\/p>\n<p>\u201cOur 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.\u201d<\/p>\n<p>ExxonMobil and Global Thermostat are also exploring opportunities to identify economic uses for captured carbon dioxide.<\/p>\n<p>\u201cScaling solutions that can address climate change globally requires significant investment, innovation and collaboration,\u201d said Peter Eisenberger, chief technology officer and co-founder of Global Thermostat.<\/p>\n<p>\u201cGlobal Thermostat\u2019s game-changing direct-air capture and flue gas capture technologies offer a way to transform the risks associated with carbon dioxide emissions into a global solution that could satisfy both business and\u00a0 environmental objectives.\u00a0 By partnering with\u00a0 ExxonMobil, we\u2019re\u00a0 harnessing the expertise and capabilities of one of the world\u2019s largest energy companies to accelerate our ability to realize\u00a0 that vision.\u201d<\/p>\n<p>ExxonMobil\u2019s partnership with Global Thermostat expands the company\u2019s collaborative efforts with other companies and academic institutions that are focused on developing new energy technologies, improving energy efficiency and reducing greenhouse gas emissions. The company recently committed to spend up to $100 million over 10 years on research with the U.S. Department of Energy\u2019s National Renewable<\/p>\n<p>Energy Laboratory and National Energy Technology Laboratory to bring lower-emissions technologies to commercial scale. Since 2000, ExxonMobil has invested more than $9 billion in energy efficiency and lower-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.<\/p>\n<h3>About ExxonMobil<\/h3>\n<p>ExxonMobil, the largest publicly traded international oil and gas company, uses technology and innovation to help meet the world\u2019s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. For more information, visit <a href=\"http:\/\/www.exxonmobil.com\" target=\"_blank\" rel=\"noopener\">www.exxonmobil.com<\/a> or follow us on Twitter at <a href=\"http:\/\/www.twitter.com\/exxonmobil\" target=\"_blank\" rel=\"noopener\">www.twitter.com\/exxonmobil<\/a>.<\/p>\n<h3>About Global Thermostat<\/h3>\n<p>Formed in 2010, Global Thermostat (GT) is commercializing its advanced, multi-patented technology to transform Carbon Dioxide from a global liability into an opportunity for global prosperity. Using its proven, breakthrough technology, GT economically captures and concentrates CO<sub>2<\/sub>, enabling its profitable re-use across multiple large &amp; growing industries \u2013 reducing harmful emissions, and helping to close the global carbon cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Technology removes carbon dioxide from industrial sources and the atmosphere<\/p>\n","protected":false},"author":58,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572,5571],"tags":[10743],"supplier":[7455,10335],"class_list":["post-65523","post","type-post","status-publish","format-standard","hentry","category-bio-based","category-co2-based","tag-useco2","supplier-exxonmobil","supplier-global-thermostat"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/65523","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/58"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=65523"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/65523\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=65523"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=65523"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=65523"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=65523"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}