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