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Start-ups

ExxonMobil and Total invest in carbon capture

by Michael McCoy
July 11, 2019 | APPEARED IN VOLUME 97, ISSUE 28

The oil companies Total and ExxonMobil are both putting money into carbon-capture-and-storage technology. Total and the French research institute IFP Energies Nouvelles say they will spend about $40 million during a 5-year pact to improve the energy efficiency of carbon capture. ExxonMobil, meanwhile, has signed a deal to evaluate scaling up technology from Global Thermostat. The start-up captures carbon dioxide with amine-based sorbents that are bonded to porous ceramic monoliths.

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