Fuels & Lubricants Magazine

ExxonMobil: Fuel Efficiency
Will Offset Light-Duty Demand
Growth More than Fuel Mix
Changes
Highlights from the ExxonMobil’s Outlook for
Energy: A View to 2040
Tammy Klein
tammy@futurefuelstrategies.com
FUELS CORNER
Petroleum refining industry is quite
mature, however, fuel composition has
significantly changed as a result of challenging
environmental legislation as well
as heavier feedstocks processing. This
resulted in the development of a variety of
catalysts and related processes to follow
the demanding changes.
ExxonMobil’s Outlook for energy: A View to 2040
anticipates that global energy needs will rise about 25%
over the period to 2040, led by non-OECD countries,
same as it projected last year. While the mix shifts toward
lower-carbon-intensive fuels, the world will need to pursue
all economic energy sources.
The Outlook projects that global transportation-related
energy demand will increase by close to 30% (over
the 25% projected last year) by 2040. At the same time,
total miles traveled per year by cars, sport utility vehicles
(SUVs) and light trucks will increase about 60%, reaching
about 14 trillion in 2040. As personal mobility increases,
average new-car fuel economy (including SUVs and light
trucks) will improve as well, rising from about 30 miles
per gallon (7.83 l/100 km) now to close to 50 miles per
gallon (4.7 l/100 km) in 2040, the same as projected last
year.
Comparison of Key Findings in the ExxonMobil
2017 v. 2018 Outlook for Energy
Comparison of Key Findings in the ExxonMobil 2017 v.
2018 Outlook for Energy is presented to get a sense of
how the company’s thinking has evolved on transportrelated
issues. This is summarized in the chart below.
Fuels&Lubricants No. 2 JUNE 2018 35