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ExxonMobil to invest $100m on lower-emissions R&D

08/05/2019
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ExxonMobil has said that it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies in collaboration with the US Department of Energy’s National Renewable Energy Laboratory.

The agreement will support research and collaboration into ways to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors.
ExxonMobil has invested over $9 billion developing lower-emissions technologies since 2000
(ExxonMobil has invested over $9 billion developing lower-emissions technologies since 2000).

Commenting on the partnership, Martin Keller, director at the National Renewable Energy Laboratory, said:

“The National Renewable Energy Laboratory is excited to work with ExxonMobil to develop scalable energy solutions for the future and facilitate research partnerships across the national lab system. Our partnerships with industry, government, academia and other research organisations drive the collaboration and innovation that is integral to revolutionising the global energy landscape. By working side-by-side with ExxonMobil researchers, this partnership provides an unprecedented opportunity to explore new technologies and transform energy through science”.

In addition to working on lower-emissions technologies, the partnership will also conduct joint research on reducing emissions from fuels and petrochemicals production.

This collaboration is a recent addition to a series of partnerships ExxonMobil has established for innovative lower-emissions research programmes, which includes over 80 universities, five energy centres and multiple private sector partners. The company has spent more than $9 billion since 2000 developing lower-emissions energy solutions.

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ExxonMobil to invest $100m on lower-emissions R&D - Time to read 2 min
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