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The Heme Group. In hemoglobin, each subunit contains a heme group, which is displayed using the ball-and-stick representation in Figure 2. Each heme group contains an iron atom that is able to bind to one oxygen (O 2) molecule. Therefore, each hemoglobin protein can bind four oxygen molecules. One of the most important classes of chelating agents in nature are the porphyrins.
Therefore, one molecule of hemoglobin can bind four molecules of oxygen. As each red blood cell contains about 280 million hemoglobin molecules, a single red blood cell can carry over 1 billion molecules of oxygen. Once again, that's a lot of oxygen! Cooperative Binding. Okay, so hemoglobin carries oxygen, but how does oxygen bind to hemoglobin? The way by which hemoglobin binds oxygen is referred to as cooperative binding. The binding of oxygen to hemoglobin makes it easier for more oxygen to bind. Let's consider an analogy.