Science

Marubeni and ExxonMobil Sign Low-Carbon Ammonia Deal

Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (ExxonMobil) have signed a long-term offtake agreement for approximately 250,000 tonnes of low-carbon ammonia per year from ExxonMobil’s facility in Baytown, Texas, which is expected to produce virtually carbon-free hydrogen with approximately 98% of CO2 removed and low-carbon ammonia. Marubeni will supply the ammonia mainly to Kobe Power Plant, a fully owned subsidiary of Kobe Steel, Ltd. (Kobe Steel). Marubeni has also agreed to acquire an equity stake in ExxonMobil’s low-carbon hydrogen and ammonia facility. ExxonMobil’s facility is expected to be the world’s largest of its kind upon startup, capable of producing up to 1 billion cubic feet (bcf) daily of low-carbon hydrogen, which is virtually carbon-free1, and more than 1 million tons of low-carbon ammonia per year. Contingent on ongoing supportive government policy…