ExxonMobil commits US$10m as founding partner of SgEC

Singapore

ExxonMobil has committed US$10 million in funding over five years as founding partner of the new Singapore Energy Centre (SgEC) led by Nanyang Technology University and National University of Singapore.

This is the first research centre partnership for the supermajor outside the US, and will focus on scaling up new energy solutions. It aims to overcome the dilemma of fuelling economic expansion and mitigating risks of climate change especially in fast-growing Asia.