Ref. Ares(2021)3534735 - 28/05/2021
ExxonMobil Low Carbon Liquid Fuel Solutions
April, 2021
This presentation includes forward-looking statements. Actual future conditions (including economic conditions, energy demand, and energy supply) could differ materially due to changes in technology, the development of new supply sources, political events,
demographic changes, and other factors discussed herein (and in Item 1A of ExxonMobil’s latest report on Form 10-K or information set forth under "factors affecting future results" on the "investors" page of our website at www.exxonmobil.com). This material is not to be
reproduced without the permission of Exxon Mobil Corporation.
ExxonMobil Biofuel Solutions
• Algae biofuel, working with
Synthetic Genomics Inc.
˗ Improved strains, and novel
genetic tools to enhance bio-
oil production, that
conventional refineries can
process
• Cellulosic biofuel, through
several collaborations
˗ Significant progress to
double yield of biodiesel from
variety of cellulosic sugars
• Agreement with Global Clean
Energy to supply renewable
diesel in California
˗ 2.5 million barrels of
renewable diesel per year for
five years, starting in 2022.
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ExxonMobil Marine Biofuel
• Completed successful sea trial of ExxonMobil's
first bio-based marine fuel, with Stena Bulk in
Rotterdam
• The marine bio fuel oil is a 0.50% sulphur
residual-based fuel (VLSFO) processed with a
second generation waste-based FAME
component (ISCC certified)
• Can provide up to ~40% CO emissions reduction
2
compared to conventional marine fuels
• Requires no equipment modification (“drop-in”)
• Fuel will be available in select European ports
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Esso Renewable Racing Fuel
• ExxonMobil and Porsche are testing advanced
biofuels and eFuels to find pathways toward
potential future consumer adoption
• The first iteration of the fuel is a blend of
advanced biofuels, to be tested in Porsche’s
high-performance motorsports engines in the
Porsche Mobil 1 Supercup 2021
• In 2022, plan to test the second iteration of the
fuel, which will contain eFuel components,
anticipated to achieve GHG emissions
reduction of up to 85%
• eFuels to be produced in a pilot plant in Chile,
using renewable hydrogen and captured CO2
to produce methanol, which is then converted
to gasoline
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Low Emission Mobility Policy Framework
Goals
• Enable GHG reduction in
*
transport sector (vehicle-fuel-
infrastructure)
• Incentivize & scale up low carbon
combustion fuels, alongside
electrification
• Promote long-term investor
confidence
Policy Proposals
1. Creation of a market for low-carbon transport fuels, with high price signal to stimulate investments
• Either a dedicated cap & trade mechanism
• Or a low carbon fuel standard
2. Amendment of vehicle standards, to recognize WTW CO footprint of fuels
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3. Reform of fuel taxation based on carbon intensity
• Zero or very low tax for low-carbon fuels to facilitate fuel pricing that is socially acceptable, and supportive of
business case for investments