Forbes: ExxonMobil Eyes Marine Fuels Business Expansion As IMO 2020 Deadline Looms - 0.5% LSFO Available From Q3 2019
Source: Forbes website - As the shipping world scrambles to get ready for the International Maritime Organization's IMO 2020 ruling, oil major ExxonMobil's marine fuels outfit is "digging deep" to be at the forefront of the emerging low sulfur market. . . .
But according to Luca Volta, Marine Fuels Venture Manager at ExxonMobil (NYSE:XOM), the oil major views the impending low-sulfur marine fuels climate as an emerging opportunity and not an operational problem.
"We will be ready with the products and point of sales by the third quarter of 2019. That's when we expect marine customers will start to bunker as the deadline of January 1, 2020 approaches," Volta told Forbes.
