Founding partner ExxonMobil to pump US$10m into Singapore Energy Centre
EXXONMOBIL will contribute US$10 million over five years as the first founding industry partner for the new Singapore Energy Centre, in the oil and gas supermajor's first such research and development partnership outside the US.
The investment was announced on Wednesday at the sidelines of Singapore International Energy Week 2018, about one year after ExxonMobil first agreed to become a founding member of the research centre.
The Singapore Energy Centre was officially launched on the same day by Nanyang Technological University and the National University of Singapore. For a start, the joint research centre will focus on researching next-generation technologies - new forms of energy production, innovations in energy efficiency, energy conversion and storage, improving energy and water efficiency, to name a few.
