GHG Emissions, Industrial - November 8, 2019
ExxonMobil invests in carbon capture technology
ExxonMobil signed on Nov. 6 a two-year joint-development agreement with FuelCell Energy, Inc. to optimize carbonate fuel cell technology for large-scale carbon capture, and is exploring opportunities to deploy the technology within its operations.
The $60 million agreement will focus on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions.
“ExxonMobil is working to advance carbon capture technologies while reducing costs and enhancing scalability,” Vijay Swarup, vice president of research and development for ExxonMobil Research and Engineering Company, said in a statement. “This expanded agreement with FuelCell Energy will enable further progress on this unique carbon capture solution that has the potential to achieve meaningful reductions of carbon dioxide emissions from industrial operations.”
Through the carbon capture technology, carbonate fuel cells are used to capture and concentrate carbon dioxide streams from large industrial sources. Combustion exhaust is directed to the fuel cell, which produces power while capturing and concentrating carbon dioxide for permanent storage.
ExxonMobil plans to use the technology once developed at one of its operating sites.
- Number of shareholder resolutions filed on climate change increased in 2016
- SEC, ruling against ExxonMobil, says oil giant must allow shareholder vote on climate change
- ExxonMobil renews biofuel research partnership
- ExxonMobil, Bank of America to fund Stanford energy research
- ExxonMobil reveals GHG reduction measures
- Insights from the 2020 Renewable Energy Sourcing Forum - Winter Edition
- Iron Mountain Data Centers aces the Better Buildings Challenge
- Challenging Channels: Creativity and Competition
- SED Pulse Survey: COVID-19's Impact on Sustainability Goals and Workplace Restart
- State of Energy Management 2020 Report