High science on the high seas
As a major marine fuel supplier, ExxonMobil supports the International Maritime Organization (IMO) with a plan to be part of the solution. Our commitment to driving emission reductions in support of a net-zero future is outlined in our Advancing Climate Solutions – 2022 Progress Report.
By 2027 we plan to invest more than $15bn on initiatives to reduce greenhouse gas emissions, with a significant share focused on biofuels, hydrogen and carbon capture and storage (CCS).
Our objective is to provide more than 40,000 barrels per day (2.3 million metric tons p.a.) of lower-emission fuels by 2025 and have a further goal of 200,000 barrels per day (11.3 million metric tons p.a.) by 2030.
Through the development of new projects, repurposing refinery infrastructure, co-processing bio-feeds, executing purchase agreements, using existing and exploring new CCS technologies, we are advancing a number of options for producing lower-emission solutions.
Click here to download a copy of our position paper, ‘High science on the high seas – Advancing new technologies for lower-emission fuels’.