| IIT Madras will collaborate with ExxonMobil on Research in Energy and Biofuels. The 5-year joint-research agreement focuses on biofuels, data analytics, gas conversion and transport, and is intended towards finding low-emission solutions. ExxonMobil Research and Engineering Company (EMRE) for research on energy and biofuels is the research and engineering arm of ExxonMobil Corporation, a leading global oil, natural gas, and petrochemicals company. ExxonMobil works with over 80 universities around the world. India is the 3rd highest producer of agro-residues globally with the surplus potential of over 230 million tonnes per year after China and Brazil. India’s huge biofuel potential is expected to get realized shortly with the ‘new biofuel policy’ of Government of India, which targets to convert the country’s biofuel industry into a $15.6 billion economy.