ExxonMobil Corp. has agreed to invest up to $100 million over 10 years to develop advanced lower-emissions technologies with Department of Energy (DOE) laboratories.
The agreement announced Wednesday, considered among the largest between the private sector is with the supermajor and DOE’s National Renewable Energy Laboratory (NREL) and National Energy Technology Laboratory (NETL).
The collaboration would support research and development (R&D) to bring biofuels, as well as carbon capture and storage, to commercial scale across the transportation, power generation and industrial sectors.
“We’re focusing on advancing fundamental science to develop breakthrough solutions that can make a difference on a global basis in emissions reduction,” said CEO Darren W. Woods. “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 is designed to develop technologies related to energy efficiency and greenhouse gas mitigation. The joint research also would focus on reducing emissions from fuels and petrochemicals production. Collaborative projects are expected with other national laboratories, including the Idaho National Lab.
“Finding meaningful solutions to address climate change is going to take everyone -- governments, companies and academia -- working together,” said Vice President Vijay Swarup, who is in charge of R&D for ExxonMobil Research and Engineering Co.
“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.”
NREL Director Martin Keller said partnerships with industry, government, academia and others “drive the collaboration and innovation that is integral to revolutionizing 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.”
The latest collaboration is one of a series of partnerships that ExxonMobil has established for innovative research. It has lower-emissions research underway with more than 80 universities, as well as five energy centers and multiple private sector partners.
ExxonMobil estimated that it has spent more than $9 billion since 2000 to develop and deploy lower-emissions energy solutions.
“This opportunity targets research challenges and the development of technology central to our mission and our capabilities,” said NETL Director Brian Anderson. “We’re bringing incredible research capability, enhanced by ExxonMobil’s industry expertise and ability to scale-up new technologies globally, which will ultimately benefit consumers in the near term, while also enhancing our nation’s prosperity and energy security.”