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Exxon has agreed to supply low-carbon ammonia to Japan's Marubeni

Exxon Mobil announced on Wednesday that it had signed a long term agreement with Marubeni, a Japanese trading company, to supply the Japanese trading house 250,000 metric tonnes of low-carbon hydrogen annually. This is Exxon Mobil's first customer agreement signed for its planned facility in Baytown. Exxon has been working to build the largest low-carbon hydrogen facility in the world at its Baytown refinery and chemical complex. The project, which is experiencing delays, will now move forward. The clean fuel hydrogen can be made from natural gas. It produces water upon combustion. Ammonia is used to transport the liquid hydrogen. The company stated that carbon dioxide produced during the production of hydrogen would be captured and stored below ground.

In a press release, Barry Engle said, "This is a positive step for our landmark project."

Exxon's final investment decision on the Baytown hydrogen plant will determine whether or not Exxon signs a customer agreement. Exxon expects to reach a decision in this year depending on government policies and regulatory permits.

Marubeni also plans to take a stake in Exxon Baytown's hydrogen facility. A spokesperson for Exxon declined to disclose the percentage stake.

(source: Reuters)