Exxon Agrees to Supply Japan's Marubeni With Low-Carbon Ammonia
Published by Todd Bush on May 8, 2025
Exxon Mobil has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni, the U.S. oil producer said on Wednesday, representing Exxon's first signed customer agreement for its planned hydrogen facility in Baytown, Texas.
The agreement is a step forward in Exxon’s effort to build the world’s largest low-carbon hydrogen facility at its Baytown refining and chemical complex, which has experienced delays.
>> In Other News: Elcogen and Casale SA Collaborate to Drive Innovation in Green Ammonia and Sustainable Energy
Hydrogen, which can be produced from natural gas, is a clean fuel that produces water when it is burned, while ammonia can be used as a carrier for hydrogen, allowing it to be shipped in liquid form. Carbon dioxide from the production of hydrogen will be captured and stored underground, the company said.
Barry Engle, President of Low Carbon Solutions at Exxon, said, "This is another positive step forward for our landmark project."
The customer agreement with Marubeni is contingent on whether Exxon makes its final investment decision to move forward with the Baytown hydrogen facility. Exxon said it expects to make that decision this year, which depends on favorable government policy and regulatory permits.
Marubeni will also take an equity stake in Exxon’s Baytown hydrogen facility, the companies said. An Exxon spokesperson declined to specify the percentage of the stake.
Subscribe to the newsletter
Daily decarbonization data and news delivered to your inbox
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Latest issues
-
Can AirCapture’s Microwaves Cut DAC’s Energy Cost?
Inside This Issue 🌬️ Aircapture's Patented Microwave Direct Air Capture Technology Wins Tencent CarbonX 2.0 Award 🗾 Fujifilm, Tokyo Gas and TGES Agree to Supply City Gas Linked to Biomethane Produ...
-
380 MW of AI Power, Powered by Fuel Cells
Inside This Issue ⚡ FuelCell Energy and Fit Energy Announce Strategic Agreement for Up to 380 MW of Clean Power for Data Centers 🧭 China's Renewable Energy Mandates Set the Stage for Expanded Hydr...
-
250,000 Tonnes of CO2: One Shipping Deal
Inside This Issue 🚢 Fortescue and CMB.TECH Sign Milestone Agreement for 12 Ammonia Bulkers to Accelerate Zero-Emissions Shipping 🌱 Mati Carbon Hits New Bar for Carbon Removal Certification With Is...
Company Announcements
-
Aircapture's Patented Microwave Direct Air Capture Technology Wins Tencent CarbonX 2.0 Award
Aircapture will use the award to scale its DAC system engineered to reduce the cost of carbon capture at scale BERKELEY, Calif., June 25, 2026 /PRNewswire -- Aircapture, a Berkeley-based direct ai...
-
Groundwork BioAg Issues First Verified Carbon Credits Under Rootella Carbon® Program
Milestone issuance of high-durability soil carbon credits, the first to be issued under Verra VM0042 standard in the US, delivers highly-scalable carbon removal at a fraction of durable CDR costs. ...
-
HOPA Ports and the Mississaugas of the Credit Business Corporation (“MCBC”), the entity representing the business development interests of the Mississaugas of the Credit First Nation (“MCFN”), have...
-
Deep Sky Corporation today announced a strategic investment from Sumitomo Mitsui Banking Corporation (SMBC), supporting the advancement of Japan's carbon dioxide removal (CDR) and direct air captur...