HomeRegional NewsBRICSNew deals to foster R&D of next-generation tech

New deals to foster R&D of next-generation tech

Energy company ExxonMobil has signed multiple Memorandum of Understandings (MoU) with Indian Institutes of Technology in Madras and Bombay on research and development of lower-emissions energy technologies.

The five-year agreements will focus on biofuels, bio-products, gas transport and conversion, climate and the environment and smart energy technologies.

The MoU’s are part of efforts by ExxonMobil to decarbonise its businesses and to contribute to the energy transition. Since 2010, ExxonMobil has contributed more than $10 billion in developing and deploying lower-emissions energy technologies.

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The firm has partnered with more than 80 universities in research and development.

Vijay Swarup, vice president of research and development at ExxonMobil, said: “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.”

Innovative and low-carbon energy technologies are hot topics disrupting the utility industry in India and will be a key focus at POWERGEN INDIA and Indian Utility Week conference which takes place in New Delhi in May 2020. For more details visit https://www.powergen-india.com/ or IUW.com

The Indian Institute of Technology Madras has 23 institutes and has been ranked as India’s top engineering institute for the fourth consecutive year by India’s Ministry of Human Resource Development.

“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.

A recent study conducted by ExxonMobil, the Council for Energy, Environment and Water and IIT Bombay found that on average, life cycle greenhouse gas emissions from LNG imported into India are approximately 54% lower than those associated with India coal.