IIT Madras to collaborate with ExxonMobil for research in Energy and Biofuels

IIT Madras will collaborate with ExxonMobil on Research in Energy and Biofuels.

This comes in the backdrop of the Centre’s new biofuel policy targets to convert the country’s biofuel industry into a $15.6 billion economy

The five-year joint-research agreement focuses on biofuels, data analytics, gas conversion and transport, and is intended towards finding low-emission solutions.

ExxonMobil Research and Engineering Company (EMRE) for research on energy and biofuels is the research and engineering arm of ExxonMobil Corporation, a leading global oil, natural gas, and petrochemicals company. ExxonMobil has spent more than $9 billion since 2000, developing and deploying lower-emissions energy solutions.