ExxonMobil is considering investing billions of dollars to upgrade its Singapore refinery to produce low-sulphur fuel oil (LSFO).
Reuters cited Matt Bergeron, vice president of its Asia Pacific fuels business, as saying: “Should the project proceed, we plan to implement proprietary technologies that will convert lower value by-products into cleaner higher value products including 0.5% fuels that we believe will be the compliant option for the vast majority of the marine sector."
