ExxonMobil Expanding Its Partnership For Lower Emissions Technologies

ExxonMobil is going to invest $100 million over the next 10 years to research and develop advanced lower-emissions technologies.

ExxonMobil issued a statement to acknowledged it would develop new technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and the National Energy Technology Laboratory.

The agreement will support the research and collaboration into ways to create biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors.

Darren W. Woods, chairman and CEO of ExxonMobil, said: “We’re focusing on advancing fundamental science to develop breakthrough solutions that can make a difference on a global basis in emissions reduction.

“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 new collaboration between ExxonMobil and the two laboratories will help to develop new projects and facilitate work with other national laboratories such as the Idaho National Lab.

Martin Keller, director at the National Renewable Energy Laboratory, added: “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.

 “By working side-by-side with ExxonMobil researchers, this partnership provides an unprecedented opportunity to explore new technologies and transform energy through science.”

ExxonMobil is continuing to expand its partnerships towards innovation of lower-emissions research programs, which includes over 80 universities, five energy centers and multiple private sector partners.

According to the company, it has spent more than $9 billion since 2000 developing and deploying lower-emissions energy solutions.