According to ExxonMobil’s The Outlook for Energy: A View to 2040, China’s industrial energy demand is expected to be 25% higher by 2040 compared to its needs in 2010. During this period, China will encounter huge sustainability challenges while society will place increasing importance on environmental care and safety as a result of projected rapid economic growth.
“ExxonMobil invests US$1 billion in research and development every year, and employs more than 19,000 scientists and engineers who are working on innovative product technologies, creating the structure for a strong global technology network,” said Dr Grant Karsner, VP, ExxonMobil Research & Engineering Company. “At ExxonMobil, we recognise the key role of technology, and the continuous breakthroughs of Mobil lubricant product technology are enabling our industrial customers to achieve sustainability.”
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