Group 1 - Exxon Mobil Corporation (XOM) has signed a long-term agreement with Japanese trading house Marubeni for the supply of 250,000 metric tons per year of low-carbon ammonia, marking its first customer agreement related to its planned hydrogen facility in Baytown, TX [1][2] - Marubeni will also acquire a stake in the Baytown hydrogen facility, although the specific percentage of the stake has not been disclosed [2] - The agreement is a significant advancement for ExxonMobil's plans to develop the largest low-carbon hydrogen facility at its chemical complex in Baytown, despite previous setbacks [3] Group 2 - The low-carbon hydrogen facility is expected to produce approximately 1 billion cubic feet per day (Bcf/d) of low-carbon hydrogen, with the final investment decision (FID) planned for this year, contingent on supportive government policies and regulatory approvals [5] - Hydrogen can be produced using natural gas, and ammonia serves as a carrier for hydrogen, allowing for long-distance transportation in liquid form [4] - The production process will include capturing and storing carbon dioxide in underground storage units to align with low-carbon initiatives [4]
ExxonMobil Inks Low-Carbon Ammonia Supply Deal With Marubeni