ExxonMobil has announced it will invest up to US$100 million over 10 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 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.
The partnership will work to develop technologies related to energy efficiency and greenhouse gas mitigation. The joint research will also focus on reducing emissions from fuels and petrochemicals production. The agreement will stimulate collaborative projects between ExxonMobil and the two laboratories and facilitate work with other national laboratories, such as the Idaho National Lab.
“Finding meaningful solutions to address climate change is going to take everyone – governments, companies and academia – working together,” said Vijay Swarup, vice president of research and development at ExxonMobil Research and Engineering Company. “This 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.”
Read the article online at: https://www.hydrocarbonengineering.com/the-environment/09052019/exxonmobil-to-invest-up-to-us100-million-on-lower-emissions-research-and-development-with-usa-national-labs/