ExxonMobil has described its efforts to patent low-sulphur fuel oil (LSFO) that can meet the IMO 2020 requirement as “normal industry practice”, suggesting that those attempts are a defence play against competitors.
As TradeWinds has reported, ExxonMobil is among energy companies that have obtained patents for its LSFO products in the US, prompting concerns that future production of the IMO-compliant bunkers could be concentrated among a handful of players.
