Business
Marubeni and ExxonMobil’s Low-Carbon Ammonia Deal Marks Major Step in Unleashing New Energy Supply
SPRING, Texas & TOKYO, May 07, 2025--Marubeni Corporation (Marubeni) and Exxon Mobil Corporation (ExxonMobil) (NYSE: XOM) 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
About this update from Exxon Mobil Corporation
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