Exxon Mobil Corporation and Marubeni Corporation have announced a landmark partnership focusing on the development of a low-carbon ammonia supply chain in Japan. The agreement entails the annual supply of approximately 250,000 tonnes of low-carbon ammonia originating from ExxonMobil's facility in Baytown, Texas, which boasts a state-of-the-art production process capable of capturing 98% of CO2 emissions, resulting in virtually carbon-free hydrogen. This hydrogen will be utilized to produce over one million tons of low-carbon ammonia annually, with Marubeni set to supply a significant portion to Kobe Power Plant, aiding Japan's decarbonization efforts. The scale of ExxonMobil's Baytown facility is impressive, with the capacity to produce up to 1 billion cubic feet of low-carbon hydrogen daily. The final investment decision for this project is expected in 2025, subject to supportive government policies and regulatory approvals. Marubeni plans to use the low-carbon ammonia for co-firing at Kobe Power Plant by 2030, aiming to reduce CO2 emissions significantly. Marubeni's strategic investment includes acquiring an equity stake in ExxonMobil's facility, showcasing a commitment to establishing a reliable low-carbon ammonia supply chain. The collaboration between the two companies is viewed positively by both parties, with ExxonMobil stressing the project's benefits in supporting Japan's decarbonization goals and creating employment opportunities. Marubeni sees this partnership as a crucial step towards a global low-carbon ammonia market, emphasizing ambitions to extend collaboration to hard-to-abate industries beyond the power sector, such as steel, chemicals, and transportation.