ExxonMobil will invest $15 million in the University of Texas at Austin Energy Institute, a national leader in carbon capture and storage research and development, the university announced Tuesday. “The University of Texas at Austin has extensive experience and expertise in identifying innovative energy technologies,” Sara Ortwein, president of ExxonMobil Upstream Research Company, said in a release. “Our scientists and engineers look forward to collaborating with UT’s faculty and students through the Energy Institute to develop breakthrough technologies that can help reduce emissions.”
Exxon will also expand its relationship with that university’s Gulf Coast Carbon Center. “This research will complement ExxonMobil’s recently announced partnership with FuelCell Energy Inc. to advance carbonate fuel cell technology to enhance the affordability of carbon capture from power plants fueled by natural gas,” the release says.
