By Alberto Delclaux

Exxon Mobil Corp. (XOM) and Renewable Energy Group Inc. (REGI) have signed an agreement with Swiss company Clariant AG (CLN.EB) to research the use of cellulosic sugars to produce biofuel, the U.S. oil major said on Wednesday.

Exxon Mobil and REG have already worked on developing technology to convert sugars from cellulosic biomass into biodiesel in a single step, and the new agreement aims to combine that process with Clariant's sunliquid process to develop a "seamless" biomass-to-biodiesel technology, Exxon said.

"Applying Clariant's expertise and knowledge will help us better understand and advance a key stage in the overall cellulosic conversion process, and hopefully lead to the development of scalable biodiesel technology," said Vijay Swarup, vice president of research and development at ExxonMobil Research & Engineering Co.

Write to Alberto Delclaux at alberto.delclaux@dowjones.com

(END) Dow Jones Newswires

January 23, 2019 01:59 ET (06:59 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
Clariant (PK) (USOTC:CLZNY)
Gráfico Histórico do Ativo
De Nov 2024 até Dez 2024 Click aqui para mais gráficos Clariant (PK).
Clariant (PK) (USOTC:CLZNY)
Gráfico Histórico do Ativo
De Dez 2023 até Dez 2024 Click aqui para mais gráficos Clariant (PK).