Renewables are expected to take on a more significant role into 2030, despite oil, coal and natural gas still accounting for about 80% of global energy mix, according to Andrew Swiger, ExxonMobil’s senior vice president.
Worldwide energy demand is anticipated to increase by about 35% by 2030 from 2005 levels, Swiger says.
“We are testing the hypothesis that algae biofuels could become commercially viable and achieve sufficient scale to make meaningful contribution to the future energy mix,” he told delegates at the Asia Oil and Gas Conference in Malaysia.
“It
