Shell, MIT sign $25M energy R&D partnership
In Massachusetts, Shell announced an agreement to fund $25 million in energy R&D with MIT’s Energy Initiative over a five-year period.
The research collaboration will fund a suite of projects at $5 million per year for the coming five years, focusing on advanced modeling, earth science, biofuels, nanotechnology and carbon management. Shell’s chief technology officer, Gerald Schotman, told Reuters, while announcing the project, that Shell will narrow its research paths in advanced biofuels from 10 advanced technologies to five in 2011, and described 2011 as “the year of choices”.
Schotman, who noted that Shell was currently focusing on the conversion of straw into ethanol and the production and refining of algae into fuel, predicted that renewable resources would provide up to 30 percent of the global energy supply by 2050.
Category: Research
