In a major development, Exxon Mobil Corp. has announced that they have plans to sell low-sulfur shipping fuels at seven ports in Europe and Asia in the coming months, reports the Bloomberg Correspondent Bill Lehane.
What does this mean?This makes it the biggest supplier so far to leap into the global market that is being transformed by rules to reduce pollution from merchant vessels.
For major refiners, ship fuel has long been a convenient disposal route for bottom-of-the-barrel residual oil...
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