We are working alongside scientists at universities, government laboratories and companies to progress the science needed to deliver advanced biofuels with environmental benefits.
Meeting demand for increased energy supplies
Global demand for energy is projected to grow by about 25 percent through 2040. To expand supplies — while increasing efficiency and mitigating emissions — an integrated set of solutions will be required.
That is why ExxonMobil is funding a broad portfolio of biofuels research programs for new energy sources. ExxonMobil is focused on advanced biofuels that do not compete with food or water supplies. Examples include algae, corn stover, switchgrass or methane emitted from microbial activity in landfills. Among many other benefits, algae can be used to manufacture biofuels similar in composition to today’s transportation fuels.
~$250MExxonMobil investment in biofuels research in the last decade
1,500 gallonsfuel per acre per year potentially yielded from algae — five times more fuel per acre than from sugar cane or corn
Developing scalable biofuels
ExxonMobil is working to identify the best pathways to make these groundbreaking technologies available to consumers, working with a number of top partners. Through these partnerships, ExxonMobil is focused on the fundamental science and engineering so ultimately we can produce advanced biofuels that are affordable, sustainable and scalable.