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Blogs > ExxonMobil, FuelCell Tag Team to Capture CO2 Emissions at Natural Gas Plants – Natural Gas Intelligence

ExxonMobil, FuelCell Tag Team to Capture CO2 Emissions at Natural Gas Plants – Natural Gas Intelligence

Betsy Schaefer

May 6, 2016

ExxonMobil Corp., whose CEO is known for not taking bets on anything that doesn’t make money, announced Thursday it is collaborating with FuelCell Energy Inc. on carbon capture to reduce emissions from power plants that burn natural gas and coal.

The multi-year effort is designed to reduce the cost of cutting carbon dioxide (CO2) emissions from new and existing plants, with an overall goal to take the technology global. FuelCell CEO Chip Bottone and ExxonMobil’s Vijay Swarup, vice president for research and development (R&D) at the company’s research unit, discussed the venture during a conference call.

“We are constantly looking for solutions to solve the biggest challenges out there,” Swarup said. “Carbon capture is a big, big challenge.”

Betsy Schaefer

Betsy Schaefer joined FuelCell Energy in June 2021 and is Chief Marketing and Sustainability Officer. Previously, she led marketing for IBM’s Watson artificial intelligence product portfolio, helping commercialize Watson from a research project to a major platform with more than 40,000 customers globally. She built a progressive career in the IT industry, with extensive experience in corporate communications, speechwriting, brand management, thought leadership and marketing. Betsy holds a Master’s in Strategic Communications from Columbia University and a Bachelor of Arts from Purdue University.