How is ExxonMobil propelling the energy transition towards a net zero future? In the third episode of SIEWCast, join Money FM’s Michelle Martin as she engages Geraldine Chin, Chairman and Managing Director, ExxonMobil Asia Pacific to discuss the initiatives the company is taking to drive this crucial transformation.
Show Notes:
In this episode, we discuss…
- How energy demand is projected to grow
- ExxonMobil’s ongoing efforts to develop low carbon solutions
- ExxonMobil’s plans to make lower-emission fuels more widely available
- Key aspects for a successful energy transition
Key takeaways
| 03:55 | | Energy demand will increase as countries continue to develop. ExxonMobil estimates that global energy demand is going to grow by about 15% by 2050. |
| 04:29 | | Singapore has to look at solutions beyond renewables. ExxonMobil is exploring solutions such as carbon capture sequestration, various forms of hydrogen, and low-emission fuels including biofuels. |
05:20 | | ExxonMobil has been working in the region to find opportunities to put together carbon value chains for carbon capture and storage. It signed a Memorandum of Understanding (MoU) with Nippon Steel and Mitsubishi Corporation to study carbon capture and storage (CCS) and the establishment of potential CCS value chains in the Asia Pacific. |
| 06:54 | | ExxonMobil also signed an MoU with Keppel Infrastructure to develop access to low carbon hydrogen and ammonia. This supports Singapore’s National Hydrogen Strategy to develop hydrogen as a major decarbonisation pathway, to support Singapore’s international climate commitment to achieve net zero emissions by 2050. |
| 07:24 | | ExxonMobil is providing lower-emission fuels such as biofuels available in Singapore. Last year, it started to supply sustainable aviation fuels at Changi Airport for several airlines. ExxonMobil has also made renewable diesel available in Singapore and has sold bio-based fuel to marine vessels.
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| 09:02 | | Technology advancement, supportive government policies to catalyse demand for lower carbon products, and skilled talent in engineering and science are needed to achieve a successful and sustainable energy transition. |
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About our guest Ms. Geraldine Chin is Chairman and Managing Director of ExxonMobil Asia Pacific Pte Ltd. In her 30-plus year career with ExxonMobil, she has held various positions including retail, commercial, trading, strategy and planning, human resources and manufacturing in Singapore and in research in the United States. |
Additional Resources
- Nippon Steel, Mitsubishi Corporation and ExxonMobil to Evaluate and Establish CCS Value Chains in the Asia Pacific Region [05:20]
- Keppel and ExxonMobil to explore low-carbon ammonia solutions for Singapore [06:54]
- Singapore’s National Hydrogen Strategy [07:03]
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This SIEWCast episode is brought to you by Singapore International Energy Week and Money FM 89.3, in partnership with ExxonMobil.