Exxon renews university project to develop biofuels
A leading university and a oil supermajor have renewed efforts to try to work out how to turn biomass into motor fuel.
A leading university and a oil supermajor have renewed efforts to try to work out how to turn biomass into motor fuel.
Statoil and the Norwegian University of Science and Technology (NTNU) have signed an agreement on research funding for future energy solutions. The group, with a total budget of NOK 50million over the next four years, will look to build-up a research group which can help develop sustainable energy solutions. The first move will be to recruit a researcher who can guide the work and build up the research group based at NTNU in Trondheim.
The establishment of the University of Aberdeen’s first international campus will be a proud and significant moment in our long history. As an ambitious research-driven University with an international outlook, this as a hugely exciting initiative, and one which is a testament to our ambitions to position ourselves as a global institution which is at the forefront of energy-related research and teaching. The campus will be a mutually beneficial collaboration that will allow us to export our world-class educational offering to a new market in East Asia, providing education and training in offshore subjects relevant to the South Korean industry, and meeting the needs of the country’s economy.
Oxford University refused to divest its 2 billion-pound ($3 billion) endowment from fossil fuel companies, though it left open the possibility of future action. By deciding to forgo action for now, Oxford joined Harvard and Yale universities, which control the biggest endowments in the US, in sidestepping requests to remove oil and coal companies from their investment funds. About 200 institutions worldwide have pledged to scale back investments in polluting industries, including Glasgow University in Scotland and Stanford University in California.