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According to statistics, Exxon Mobil profits in 2009 dropped by more than half, amounted to 19.3 billion dollars, which is 7 years since 2002 the lowest. But Exxon Mobil in the U.S. listed companies are still profitable title. The world’s largest Oil Listed companies in the fourth quarter of 2009, operating income decreased by 23%.
World Chemical industry The company billions of dollars in the year 2009, the club on October 17 released, the second ranked chemicals Sell Amounted to 58 billion U.S. dollars of Exxon Mobil Corporation.
New energy strategy ExxonMobil in 2005, renewable energy R & D investment was 7.12 billion U.S. dollars, to develop technology to meet future energy demand and reduce greenhouse gas emissions (GHG).
2002, the Exxon Mobil Corporation launched at Stanford University Global Climate Change and Energy Project (GCEP), Exxon Mobil, GE Corporation, Schlumberger, and Toyota Car Company for this project in joint venture 225 million U.S. dollars within 10 years.
Global climate change and energy projects (GCEP) to include 30 research projects involving hydrogen; advanced combustion engine technologies; solar; carbon dioxide capture, storage and separation; biomass; and advanced materials and catalysts.
Exxon Mobil Corporation and Toyota Motor Corporation and the company set up to open Te Pile Research Consortium to develop improved internal combustion engines and fuel systems. And Daimler Chrysler Cooperation Development of lubricants to improve fuel economy, extended oil change period and reduce emissions.
In fuel cell development, ExxonMobil Research and Engineering Company invested 2.2 million U.S. dollars with British QuestAir technology developed hydrogen generator car.
ExxonMobil investing in new cogeneration (CHP) projects, the CHP using natural gas to fuel its cogeneration energy efficiency is the traditional twice. 2004 to 2005, Exxon Mobil Corporation’s ability to increase CHP 800MW, investment of 1 billion U.S. dollars. The company’s 30 locations in the world has 85 sets of CHP facilities with a total capacity of about 3700MW. These facilities reduce the CO2 emissions of 9,000,000 tons / year.
ExxonMobil Research and Engineering Company (EMRE) on July 14, 2009 release from the photosynthetic algae produce advanced biofuels research and development program, Exxon Mobil and SGI (SyntheticGenomicsInc) have formed a strategic R & D alliances. As planned, to achieve a landmark success of research and development, Exxon Mobil expects to invest over 600 million U.S. dollars, including internal cost 300 million U.S. dollars. SGI will develop algae-based bio-fuels and related products and related technologies. SGI will conduct research mainly in California, LaJolla completed. ExxonMobil Research and Engineering Company (EMRE) of the study will focus on Clinton in New Jersey, and Fairfax, Virginia facility. SGI will build a new greenhouse and test facilities.
Photosynthetic algae, including microalgae (algae) and cyano-bacteria (often called blue – green algae), algae use the energy of sunlight is too light can be very effective to convert carbon dioxide into the cells of the oil (lipid ), and even some types of long chain hydrocarbon, which can be further processed into fuels and chemicals. Preparation of seaweed from the optical bio-synthetic oil for the system is expected to take a wide range of fuels, including gasoline, diesel fuel and jet fuel, to meet current product specifications.
According to ExxonMobil Research and Engineering Company (EMRE) estimated that algae per acre per year is expected to produce over 2000 gallons of fuel Other Bio-fuel sources of much lower production rate:
palm oil: 650 gal / acres, sugar cane: 450 gal / acre year