ExxonMobil is involved in a range of initiatives of relevance – more detail is available here Energy & Carbon Summary. Specific examples include plans to invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies under an agreement with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory. The agreement is among the largest between the department’s laboratories and the private sector.
ExxonMobil’s investment will support research to bring biofuels and carbon capture and storage to commercial scale across the transportation, power generation and industrial sectors. The joint research will also focus on reducing emissions from fuels and petrochemicals production. ExxonMobil is also progressing research on advanced biofuels to produce fuels from algae and cellulosic biomass with the potential to reduce GHG emissions by 50 percent or more compared to today's transportation fuels. Our advanced biofuels research portfolio includes research collaborations focused on algae-based biofuels with Synthetic Genomics, Inc. (SGI), Colorado School of Mines and Michigan State University.
Our partnership with Renewable Energy Group (REG) has demonstrated the ability to convert sugars from a variety of non-edible biomass sources into biodiesel by utilizing REG's patented bio-conversion technology. ExxonMobil and REG signed a joint research agreement with Clariant to evaluate the potential to combine Clariant’s and REG’s processes into an integrated cellulosic biomass to biodiesel technology. These programs will lead to a better understanding of new technologies with the transformative potential to increase supplies of high-quality, low-carbon diesel while reducing GHG emissions