Climate solutions Energy and innovation Sustainability Operations News Investors About Global ENERGY AND INNOVATION Advanced biofuels We are working alongside scientists at universities, government laboratories and companies to progress the science needed to deliver advanced biofuels with environmental benefits. INVESTING IN NEW TECHNOLOGIES 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. Research and development highlights ~50% lower life cycle greenhouse gas emissions will be produced by algal biofuels as compared to petroleum-derived fuel ~$250M ExxonMobil investment in biofuels research in the last decade We are targeting 1,500 gallons fuel per acre per year potentially yielded from algae — five times more fuel per acre than from sugar cane or corn EXXONMOBIL’S ROLE 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. Advanced biofuels and algae research: targeting the technical capability to produce 10,000 barrels per day by 2025 NEWS ExxonMobil and Renewable Energy Group partner with Clariant to advance cellulosic biofuel research ExxonMobil and Renewable Energy Group (REG) signed a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions. Learn more All articles about advanced biofuels Why we’re investing $15 billion in a lower-carbon future At ExxonMobil, we develop and deploy solutions that meet society’s needs. Today, that means taking a leading role in providing the products that enable modern life, reducing carbon emissions and developing needed technologies to advance a lower-carbon emissions future. Carbon capture Blog • Nov. 9, 2021 ExxonMobil affiliate to produce renewable diesel to help reduce transportation emissions in Canada IRVING, Texas – ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector by about 3 million metric tons per year. The complex will utilize locally grown plant-based feedstock and hydrogen with carbon capture and storage (CCS) as part of the manufacturing process. Newsroom News • Aug. 25, 2021 ExxonMobil expands plans for renewable diesel ExxonMobil recently expanded its agreement with alternative fuels developer Global Clean Energy to purchase up to 5 million barrels per year of renewable diesel. The engine-ready fuel will be partially derived from camelina, a plant that does not displace food crops and can significantly reduce greenhouse gas emissions. Advanced biofuels Energy Factor • May 20, 2021 Planting the seed for renewable diesel ExxonMobil recently announced an agreement with alternative fuels developer Global Clean Energy to purchase renewable diesel. The engine-ready fuel will be partially derived from camelina, a plant that does not displace food crops and could have the potential to reduce greenhouse gas emissions on the road– a win-win. Carbon capture Energy Factor • Aug. 11, 2020 ExxonMobil and Global Clean Energy Holdings sign agreement for renewable diesel IRVING, Texas – ExxonMobil has signed an agreement with Global Clean Energy Holdings to purchase 2.5 million barrels of renewable diesel per year for five years from a converted California refinery starting in 2022. 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