ExxonMobil Inks Low-Carbon Ammonia Supply Deal With Marubeni
Exxon Mobil Corporation (XOM) , the U.S.-based oil and gas giant, has inked a long-term agreement with Japanese trading house, Marubeni, for the supply of low-carbon ammonia. This also marks ExxonMobil’s first customer agreement related to its planned hydrogen facility, located in Baytown, TX.Per the terms of the agreement, XOM will supply Marubeni with 250,000 metric tons per year of low-carbon ammonia. The Japanese trading house has also agreed to acquire a stake in the Baytown hydrogen facility. However, ...