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Asphalt Institute Foundation receives $500K grant from ExxonMobil

Oct. 15, 2019, Lexington, K.Y. – The Asphalt Institute announced a $500,000 research grant provided by ExxonMobil to the Asphalt Institute Foundation to conduct strategic research and carry out educational activities designed to advance the liquid asphalt industry.

ExxonMobil and Imperial have collaborated with the foundation’s parent organization, the Asphalt Institute, for 100 years.

“We are thrilled to accept this generous grant from our long-standing member, particularly as we mark a century of dedicated service to the asphalt industry,” said Peter Grass, president, Asphalt Institute and Asphalt Institute Foundation. “ExxonMobil and Imperial’s leading technical expertise and vast business experience have been imperative in helping progress the Institute’s core mission. This grant brings us that much closer to achieving the next breakthrough in the liquid asphalt industry.”

The ExxonMobil grant supports strategic research to improve the durability of asphalt binders and pavements while ensuring that future highways remain sustainable. The Asphalt Institute Foundation also supports strategic educational initiatives such as an internship program, textbooks for engineering students and the development of instructional aids. Established in 1919, the Asphalt Institute today has a membership that represents over 90 per cent of the liquid asphalt produced in North America – all of whom are committed to improving asphalt quality performance, benefits and more. ExxonMobil and Imperial are among the original founding members and have been recognized for their active engagement and participation in the Asphalt Institute for the last 100 years.

“Reaching 100 years is a testament to the incredible work the association has accomplished thus far,” said Ralph Shirts, Global Asphalt Technology Manager at ExxonMobil Research and Engineering. “As a founding member of the Asphalt Institute, we are humbled to be a part of the best possible science, research and education programs that will continue to push the industry forward.”

ExxonMobil and Imperial each have over a century of industry experience and expertise to keep businesses at the cutting edge of asphalt technology. With representatives in key positions on industry bodies, ExxonMobil and Imperial continue pushing advanced science and research to lead the industry forward.