ExxonMobil Expands Low-Emissions Technology Research With Universities In India
Agreements have been signed by ExxonMobil with the Indian Institute of Technology which has locations in Madras and Bombay which will help it expand the extensive portfolio of research collaboration with the universities of India even more.
This five-year agreement will focus on developing research in biofuels and bio-products, gas transport and conversion, climate and environment, and low-emissions technologies for the power and industrial sectors.
The Institute’s area of expertise will partner with the research of ExxonMobil under the agreement.
This partnership is the current addition to a number of partnerships that have been established by ExxonMobil in order to develop innovative, lower emission research programs with more than 80 universities, five energy centers, and various private sector partners. $10 billion has been spent by the company for the development and to deploy energy solutions for low emission since 2000.
Read about: The Exxon Valdez Oil Spill Incident
“These agreements will give us a better understanding of how to progress and apply technologies in India, and develop breakthrough lower-emissions solutions that can make a difference globally,” said Vijay Swarup, vice president of research and development at ExxonMobil Research and Engineering Company.
“IIT Madras is committed to providing sustainable solutions in the energy, chemicals and waste management sectors, and I am confident about our collaboration with ExxonMobil to achieve these goals,” said Professor Ravindra Gettu, dean of industrial consultancy and sponsored research of IIT Madras.
“IIT Bombay values its relationship with ExxonMobil and the cause associated with it,” said Professor Milind Atrey, dean of research and development at IIT Bombay. “We are sure that this relationship will be long-lasting and yield fruitful results.”
A joint study on the life cycle of emission of GHG that is associated with the power sector of India was conducted by ExxonMobil with IIT Bombay and the Council for Energy, Environment, and Water, a leading think tank based in India. The estimated increase in the electricity demand of India in the coming 20 to 30 years was looked upon and was compared to the emission from the power generated by domestic coal and liquefied natural gas that is imported from the United States. The study found that on average the GHG emission from LNG that India imports are about 54 percent less than that from Indian coal.