The Outlook for Energy and Technology Implications

2010 Spring Symposium

 
Alessandro Faldi
ExxonMobil Research & Engineering Company
1545 Route 22 East
Annandale, NJ 08801
Alessandro.Faldi@ExxonMobil.com



The presentation first highlights ExxonMobil’s Outlook for Energy, which reflects an assessment of global supply and demand through 2030 based on the underlying factors that are shaping important energy challenges around the world. As always, the Outlook for Energy focuses on several key areas of interest, which this year will include growing transportation and power generation demands as well as the outlook for energy-related CO2 emissions.

Economic progress and growing populations, especially in developing countries, will drive energy demand approximately 35% higher in 2030 versus 2005. This demand increase is anticipated despite substantial efficiency gains, which are expected to accelerate as new technologies are developed and deployed.

Rising transportation needs will increase related energy requirements approximately 40% by 2030, even as light-duty vehicles with much better fuel economy penetrate the market. The rise in transportation demand will be met primarily by oil, which will provide close to 95 percent of all transportation fuels in 2030.

As economies grow, global demand for electricity is projected to increase 75 percent by 2030. Consistent with this projection, energy for power generation is expected to remain the largest and fastest growing segment of global demand, driven in large part by increases in Asia Pacific. Meeting the expected worldwide growth in power demand will require a diverse set of energy sources. Today coal is dominant and will retain the largest share globally through 2030; however, natural gas, nuclear, and renewables will all gain market share.

In the second part of my talk, I’ll describe that meeting this energy demand requires an integrated set of solutions, including expanding all types of supply, improving efficiency, and mitigating greenhouse gas emissions. I’ll touch on examples of how technology will play a critical role in meeting these challenges, and discuss ExxonMobil’s alliance with a leading biotech company, Synthetic Genomics Inc., to research and develop next generation biofuels from photosynthetic algae.

Speaker’s Biography Alessandro Faldi – Alessandro has a Laurea in Chemical Engineering from the Polytechnic of Milan, Italy, and a Ph. D. in Chemical Engineering from the University of Minnesota. He joined Exxon Chemical Company in 1994 as a research engineer at the Baytown Polymers Center, Exxon Chemical Technology, where he held technical positions in materials characterization, advanced characterization and product development.

In 2000, Alessandro moved to ExxonMobil Chemical’s headquarters in Houston, Texas where he held market planner and market development positions in the Polypropylene business.

In 2005, Alessandro returned to Chemical’s Technology in Baytown, Texas to become Program Leader of a breakthrough team that developed advantaged technology for ExxonMobil Chemical’s specialty business.

In 2007, he was appointed Corporate Programs Portfolio Manager in Corporate Strategic Research, ExxonMobil Research and Engineering Company and is responsible for managing emerging-opportunity programs that support the Corporation’s general interest.