Global Thermostat Adds New Support for Its Carbon Removal Technology
NEW YORK, NY (Sept. 21, 2020) – Global Thermostat (GT), the leader in direct air capture of CO2, today announced it signed a contract with ExxonMobil that will help bring its commercially-viable CO2 removal technology to the scale necessary to reverse climate change. The joint development agreement follows an earlier contract that produced 12 months of technical evaluation by ExxonMobil to determine the potential scalability of GT’s direct air capture technology. GT’s original agreement with ExxonMobil was signed in 2019.
Disruptive Technology
Our transformative technology provides an abundant, reliable source of CO2 drawn from industrial flues or directly from the air. CO2 is supplied in any quantity desired via our completely modular design. Our modules each capture up to 40,000 tonnes of CO2 per year, and can be extended as needed
MORELowest Cost
We produce CO2 at the lowest cost in the industry, using energy provided by residual heat rather than electricity. The modularity and scalability of our plants keep capex in line with demand and utilization. Our plants are also easy to integrate with existing point sources, such as power plants
MOREAvailable Anywhere
Our Direct Air Capture technology with optimized thermodynamics eliminates prohibitive distribution costs prevalent in the industry. CO2 is supplied on-site wherever needed without cumbersome trucking or expensive distribution infrastructure. We repurpose CO2 without geographic limitation
MORELeadership
Dr. Graciela Chichilnisky
Chief Executive Officer & Co-Founder
Dr. Chichilnisky is the author of more than a dozen books and 300 research papers. She is a world leading economist and mathematician. Graciela has a Ph.D. in math from MIT, as well as a Ph.D. in economics from Berkeley. Graciela worked extensively on the Kyoto Protocol, creating and designing the carbon market that became international law in 2005. She also successfully founded and sold financial tech companies FITEL and Cross Border Exchange. In addition to her role as co-founder and CEO of Global Thermostat, Graciela is tenured professor of Economics and Mathematical Statistics at Columbia University, and Director of the Columbia Consortium for Risk Management.
In 2018, Dr. Chichilnisky was awarded the Albert Nelson Marquis Lifetime Achievement Award; was selected by the Carnegie Foundation for their prestigious Great Immigrant, Great American award in 2017; and was selected by International Alternative Investment Review as the 2015 CEO of the Year in Sustainability.
Dr. Peter Eisenberger
Chief Technology Officer & Co-Founder
Dr. Peter Eisenberger is a renowned scientist, corporate research executive, business entrepreneur, and leading academic. He started his career at the Bell Laboratories until he was recruited by Exxon to lead their Physical Sciences Research and Development Laboratory. At Exxon, Dr. Eisenberger was Senior Director of their Corporate Research Laboratory until 1989, when he was appointed Professor of Physics at Princeton University, where he founded Princeton’s Materials Institute. Dr. Eisenberger joined Columbia University in 1996 where he continues as Professor of Earth and Environmental Sciences. He received a B.A. in Physics from Princeton University in 1963 and a Ph.D. in Applied Physics from Harvard University in 1967.
Edgar Bronfman Jr.
Executive Chairman
Edgar Bronfman Jr. is a Managing Partner at Accretive LLC, a unique firm that specializes in creating companies to solve important problems in large industries. Mr. Bronfman invested in Global Thermostat in 2010 becoming it’s first investor. Mr. Bronfman is also Executive Chairman of Global Thermostat LLC, a pioneering company designed to develop and commercialize a technology for the direct capture of carbon dioxide from the atmosphere and other sources. He is also a co-founder and General Partner of Waverley Capital, a venture capital group focused on the opportunities presented by disruption in the media industry.
Reversing Climate Change: How Carbon Removals Can Resolve Climate Change and Fix the Economy
The Kyoto Protocol capped the emissions of the main emitters, the industrialized countries, one by one. It also created an innovative financial mechanism, the Carbon Market and its Clean Development Mechanism (CDM), which allows developing nations to receive carbon credits when they reduce their emissions below their baselines. The carbon market, an economic system that created a price for carbon for the first time, is now used in four continents, is promoted by the World Bank, and is recommended even by leading oil and gas companies. However, one critical problem for the future of the Kyoto Protocol is the continuing impasse between the rich and the poor nations.
Who should reduce emissions — the rich or the poor countries?
Reversing Climate Change is a must read for academics and professionals studying, implementing, and analyzing global climate change policies; interested, advanced undergraduates, and postgraduates interested in the follow up of the Kyoto Protocol and UNFCCC 1992 founding.
Reversing Climate Change is available for purchase today at Amazon.com (print and kindle versions); Amazon.co.uk; Barnes and Noble; among other online properties where books are sold.
Albert Nelson Marquis Who’s Who Lifetime Achievement Award Recipient
Global Thermostat CEO, Dr. Graciela Chichilnisky, is the recipient of the ‘Albert Nelson Marquis Who’s Who Lifetime Achievement Award’, as featured in the New York Edition of The Wall Street Journal.
Company Overview
Global Thermostat transforms a global carbon dioxide emissions risk into massive financial opportunity for energy markets
Our plants remove carbon dioxide from wherever it’s unwanted, and provide it wherever it’s critically needed, allowing businesses and nations to satisfy both financial & environmental objectives. GT merges sustainability with profit.
- All
- Biofertilizers
- Building Materials
- Desalination
- Food & Beverage
- Greenhouses
- Industrial Gases
- Plastics
Press
Current affairs, articles and thought leadership
Houston Chronicle: Exxon Mobil, Global Thermostat Widen Carbon Capture Venture
Exxon Mobil is expanding its venture with carbon Global Thermostat to develop carbon capture technology to reduce fossil fuel emissions. Read More
21 September, 2020
Notables
Breakthrough Reports for DAC
National Academy Report
19
Patents awarded in the United States and Japan
147
Countries bound to exclusive IP protection
6
Commercial projects in different verticals
40
Plants to be rolled out over seven years
Industry Recognition