Over the next few decades, population and income growth — and an unprecedented expansion of the global middle class — are expected to create new demands for energy and hydrocarbon-based products. Meeting these demands will not just require more energy, but will also require energy to be used more efficiently across all sectors.
ExxonMobil is delivering solutions that enable our customers to reduce their emissions and improve their energy efficiency, including:
- Expanding the supply of cleaner-burning natural gas to reduce emissions in power generation;
- Creating highly efficient plastics and other chemical materials that can be applied in a range of consumer products; and
- Developing premium, high-efficiency fuels and lubricants.
Performance and initiatives
One of the greatest opportunities for society to reduce greenhouse gas emissions is through the use of natural gas in power generation. Natural gas is a flexible, abundant and low-emissions fuel that is available across the globe. On a life-cycle basis, from extraction through electricity consumption, using natural gas yields up to 60 percent fewer greenhouse gas emissions than coal. Natural gas is also the ideal partner for intermittent renewable energy sources, such as solar or wind, as it can provide reliable power when these renewable sources are not available. We predict natural gas will be one of the most important energy sources to drive reductions in greenhouse gas emissions.
ExxonMobil is one of the largest natural gas producers in the world. Coupled with our leadership in the development of liquefied natural gas, we are well-positioned to meet growing demand for this cleaner-burning energy source.
Materials developed by ExxonMobil provide manufacturers with quantifiable benefits in many consumer applications, including resilient, lightweight plastics that are used by automotive manufacturers to reduce vehicle weight and deliver greater efficiency for drivers. We have also developed advanced tire technologies that help maintain optimal tire pressure, improve rolling resistance and aid fuel efficiency, as around 25 percent of vehicle tires in the United States are underinflated. By addressing this issue, drivers could collectively save up to 1 billion gallons of gasoline per year.
Additionally, our next-generation plastic packaging reduces total product weight and allows more products per shipment, fewer trucks on the road, less gasoline and energy used, fewer greenhouse gas emissions and ultimately less material to be reused, recovered or recycled. ExxonMobil plastic products also contribute to safety within the food industry. Plastic packaging is lightweight, durable and flexible, which makes it ideal for preserving food. According to the Food and Agriculture Organization of the United Nations, one-third of the food produced in the world goes to waste each year. Plastic packaging can help reduce spoilage, increase access to food and improve food safety for consumers around the world.
Fuels and lubricants
ExxonMobil produces fuels and lubricants that deliver higher vehicle efficiency and lower emissions. In addition, we continue working on research and development of new fuels and lubricants. Our family of high-performance lubricants includes synthetic lubricants that have sustainable customer benefits, such as longer drain intervals than conventional mineral oils. Synthetic lubricants can be replaced with less frequency, therefore reducing the volume of used oil for disposal or recycle. In addition, extending lubrication service intervals increases efficiency and lowers maintenance costs while reducing potential risks from worker and machine interactions. There are also specific application advantages for these products, including in wind turbine applications where machinery is several hundreds of feet in the air. Mobil lubricants are used in more than 40,000 wind turbines worldwide.