Baker Hughes acquisition

Baker Hughes has acquired Mosaic Materials to further develop and scale its capture technology for carbon dioxide (CO2) reduction from stationary sources and CO2 removal (CDR) from the atmosphere. Mosaic’s metal-organic framework (MOF) technology is a proprietary adsorbent material that acts like a high-capacity molecular sponge to selectively capture CO2. Baker Hughes will draw from its existing advanced capabilities, including modular design and material science, to develop and scale Mosaic’s innovative technology, enabling direct air capture (DAC) with a solution that requires significantly less energy to operate and provides lower total cost of ownership.

Both carbon capture of emissions from power and industrial facilities, as well as carbon dioxide removal such as DAC, will be needed to meet climate goals and emission reduction targets. Creating economical, scalable and energy-efficient DAC systems that can effectively capture CO2 from the atmosphere is important for supply into the CO2 utilization market, including eFuels.

“We are investing in several emerging technologies, including Mosaic Materials, to develop a portfolio that can efficiently reduce as well as eliminate CO2, across multiple industries, including hard-to-abate sectors,” said Rod Christie, executive vice president of Turbomachinery & Process Solutions at Baker Hughes.