ExxonMobil and Porsche have begun testing advanced biofuels, renewable, and lower- carbon eFuels as part of a new agreement to find ways toward potential future consumer adoption, according to a press release issued by ExxonMobil.
The ExxonMobil’s first iteration of Esso Renewable Racing Fuel development will be used by Porsche racing cars as part of the 2021 Porsche Mobil 1 Supercup race series. In case of successful tests, similar fuel will be offered on the market.
Porsche and ExxonMobil’s collaboration will also focus on eFuels, the synthetic fuels made from hydrogen and captured carbon dioxide.
The companies will test the second iteration of Esso Renewable Racing Fuel in 2022, which will contain eFuel components. The eFuel is expected to achieve a greenhouse gas emissions reduction of up to 85%, when blended to current market fuel standards for today’s passenger vehicles.
Michael Steiner, Member of the Executive Board, Research and Development of Porsche, said that “eFuels are a good complement to our powertrain strategy. They allow our customers to drive cars with conventional combustion engines as well as plug-in hybrids with significantly lower greenhouse gas emissions.”
The eFuel will be produced from the Haru Oni pilot plant based in Chile that generates hydrogen, then, it will be combined with captured carbon dioxide drawn from the atmosphere to produce methanol. ExxonMobil is providing a license and support for the proprietary technology to convert the methanol to gasoline, which will result in a lower-carbon fuel.
It is worth noting that Porsche is committed to invest $17.9 billion in electromobility and digitalization by 2025. The company seeks carbon neutrality in its products and operations by 2030, investing around $1.2 billion in sustainable mobility.