Marubeni and exxonmobil's low-carbon ammonia deal marks major step in unleashing new energy supply

Spring, texas & tokyo--(business wire)--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,.
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