ExxonMobil Supports New Singapore Energy Center Partnership with US$10 Million Commitment
31 Octobre 2018 - 12:00PM
Business Wire
- ExxonMobil to be first founding member
with five-year commitment
- Company researchers to collaborate with
university students and faculty
- Initial focus areas to include
bioscience; carbon capture, utilization and storage; water use and
recycling
ExxonMobil said today that it will contribute US$10 million over
five years (S$14 million) to become the first industry founding
partner in a new Singapore Energy Center partnership led by the
Nanyang Technological University and National University of
Singapore and designed to advance next-generation technologies.
ExxonMobil signed a memorandum of understanding with the
universities in November 2017 to become a founding member of the
center, representing the company’s first such research and
development partnership outside the United States. As part of the
five-year commitment, faculty and students at the two universities
will collaborate with ExxonMobil researchers and scientists, as
well as other industry contributors. Research and development
projects will be based on university and member input.
Both universities are extending invitations to other leading
companies to join the center, fostering interdisciplinary research
collaborations between academia and industry.
“The Singapore Energy Center will serve as a focal point for
close collaboration between universities and industry in exploring
solutions for addressing the dual challenge of meeting society’s
growing energy needs while addressing the risks of climate change,”
Vijay Swarup, vice president of research and development at
ExxonMobil Engineering and Research Company, said at a signing
ceremony held during Singapore International Energy Week. “With
projected energy demand growth across Asia-Pacific, it’s critical
that the public and private sectors work together to advance
scalable, next-generation energy technologies while reducing the
environmental impact of energy production.”
ExxonMobil will support the center’s wide range of early-stage
research projects. Potential projects include applying advances in
bioscience and additive manufacturing to discover and develop novel
materials and process designs that could lead to new low-emission
approaches toward fuel and chemical production; exploring
technologies to capture and convert existing carbon dioxide
emissions from industrial applications to useful products; using
advanced life-cycle assessment and energy systems modeling to
explore approaches that could reduce the energy and industrial
sectors’ environmental footprint; and investigating technologies
that could reduce water and energy consumption during
manufacturing, as well as plastic waste.
“ExxonMobil’s participation in the Singapore Energy Center
further enhances our technological capabilities in the country, and
complements our already strong manufacturing and commercial
presence,” said Gan Seow Kee, chairman and managing director of
ExxonMobil Asia Pacific Pte Ltd. “Our participation in the
company’s first energy center outside of the United States builds
on our long and thriving relationship with these two leading
universities in Asia.”
ExxonMobil’s support for the Singapore Energy Center expands the
company’s collaborative efforts with other academic and research
institutions that are focused on developing an array of new energy
technologies, improving energy efficiency and reducing greenhouse
gas emissions. The company currently works with about 80
universities in the United States, Europe and Asia to explore
next-generation energy technologies, and is a founding member of
the Stanford Strategic Energy Alliance, MIT Energy Initiative,
Princeton E-ffiliates Partnership and University of Texas at Austin
Energy Institute.
About ExxonMobil
ExxonMobil, the largest publicly traded international oil and
gas company, uses technology and innovation to help meet the
world’s growing energy needs. ExxonMobil holds an industry-leading
inventory of resources, is one of the largest refiners and
marketers of petroleum products, and its chemical company is one of
the largest in the world. For more information, visit
www.exxonmobil.com or follow us on Twitter
www.twitter.com/exxonmobil.
Cautionary Statement: Statements of
future events or conditions in this release are forward-looking
statements. Actual future results, including the development and
impact of new technologies, could vary depending on the outcome of
further research and testing; the development and competitiveness
of alternative technologies; the ability to scale research
discoveries and pilot projects to commercial levels on a
cost-effective basis; political and regulatory developments; and
other factors discussed in this release and under the heading
“Factors Affecting Future Results” on the Investors page of
ExxonMobil’s website at www.exxonmobil.com.
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