ExxonMobil will invest up to $100m over ten years to research and develop advanced lower-emissions technologies with the US Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.
The agreement - among the largest between the department’s laboratories and the private sector - will support research and collaboration to bring biofuels and carbon capture and storage (CCS) to commercial scale.
“We’re focusing on advancing fundamental science to develop breakthrough solutions that can make a difference on a global basis in emissions reduction,” said Darren Woods, Chairman and CEO of ExxonMobil.
“We’re doing that with our in-house scientists and with corporate partners, through relationships with 80 universities and now with the intellectual and computing capacity of the renowned national labs.”
The partnership will work to develop technologies related to energy efficiency and greenhouse gas mitigation. The research will also focus on reducing emissions from fuels and petrochemical production.
“The agreement will help us advance fundamental science and demonstrate scale. This is critical because it will give us a better understanding of how to progress technologies so they can be applied globally,” said Vijay Swarup, Vice-President of Research and Development at ExxonMobil.
The collaboration adds to a series of partnerships ExxonMobil has established for lower-emissions research programmes, which includes over 80 universities, five energy centres, and multiple private sector partners.
ExxonMobil has spent more than $9bn since 2000 developing and deploying lower-emissions energy solutions.
“This opportunity targets research challenges and the development of technology central to our mission and capabilities,” said Brian Anderson, Director at the National Energy Technology Laboratory.
“We’re bringing incredible research capability, enhanced by ExxonMobil’s industry expertise and ability to scale-up new technologies globally, which will ultimately benefit customers in the near term, while also enhancing our nations prosperity and energy security.”
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