ExxonMobil to Invest Up to $100 Million on Lower-Emissions R&D with U.S. National Labs

  • Ten-year agreement with National Renewable Energy Laboratory and
    National Energy Technology Laboratory
  • Collaborative research to bring lower-emissions technologies to
    commercial scale
  • Potential projects include biofuels, carbon capture and storage and
    life cycle analysis

said today it will invest up to $100 million over 10 years to research
and develop advanced lower-emissions technologies with the U.S.
Department of Energy’s National Renewable Energy Laboratory and National
Energy Technology Laboratory.

The agreement – among the largest between the department’s laboratories
and the private sector – 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.

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

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.”

“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,” said
Martin Keller, director at the National Renewable Energy Laboratory.
“Our partnerships with industry, government, academia and other research
organizations 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

This collaboration is a recent addition to a series
of partnerships
ExxonMobil has established for innovative
lower-emissions research programs, which includes over 80 universities,
five energy centers and multiple private sector partners. The company
has spent more than $9 billion since 2000 developing and deploying
lower-emissions energy solutions.

“This opportunity targets research challenges and the development of
technology central to our mission and our capabilities,” said Brian
Anderson, director at the National Energy Technology Laboratory. “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.”

About ExxonMobil

ExxonMobil, the largest publicly traded international oil and gas
company, uses technology and innovation to help meet the world’s growing
energy needs. ExxonMobil holds an industry-leading inventory of
resources, is one of the largest refiners and marketers of petroleum
products, and its chemical company is one of the largest in the world.
For more information, visit www.exxonmobil.com
or follow us on Twitter www.twitter.com/exxonmobil.

About National Renewable Energy Laboratory

For more than four decades, NREL has built the scientific foundation for
new technologies that bolster economic growth and transform energy.
Through groundbreaking partnerships, like this one with ExxonMobil, NREL
expands possibilities, accelerates new technologies to market, and
drives energy solutions across the globe. NREL is the U.S. Department of
Energy’s primary national laboratory for renewable energy and energy
efficiency research and development and is operated for the Energy
Department by The Alliance for Sustainable Energy, LLC.

About National Energy Technology Laboratory

NETL is a U.S. Department of Energy (DOE) national laboratory that
produces technological solutions for America’s energy challenges. NETL
and its partners — including ExxonMobil and NREL — are discovering
innovations that address a range of fossil energy challenges, including
breakthroughs and discoveries that support domestic and global energy
initiatives, stimulate a growing economy, and improve the health,
safety, and security of all Americans. NETL is DOE’s only fossil energy
laboratory and supports the DOE mission to promote the national,
economic, and energy security of the United States.

Cautionary Statement: Statements of future
events or conditions in this release are forward-looking statements.
Actual future results, including the impact of new technologies and
actual emission reductions, could vary depending on the outcome of
further research and testing; the development and competitiveness of
alternative technologies; the ability to scale pilot projects on a
cost-effective basis; political and regulatory developments; the outcome
of commercial negotiations; and other factors discussed in this release
and under the heading “Factors Affecting Future Results” on the
Investors page of ExxonMobil’s website at exxonmobil.com.


ExxonMobil Media Relations

National Renewable Energy Laboratory
Heather Lammers
Mobile: 303-704-7331

National Energy Technology Laboratory
Shelley C. Martin
Mobile: 304-212-1726

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