Exxon Mobil Corporation has entered into a significant agreement with Marubeni Corporation for a long-term offtake deal related to low-carbon ammonia production. Under this deal, Marubeni will annually purchase approximately 250,000 tonnes of low-carbon ammonia from ExxonMobil’s Baytown, Texas facility. The Baytown facility is set to be a groundbreaking project, aiming to produce near carbon-free hydrogen and over 1 million tons of low-carbon ammonia each year, with around 98% of CO2 being captured in the process. This facility, upon its startup, is projected to become the largest of its kind globally. The final investment decision for this ambitious project is expected in 2025, subject to favorable government policies and regulatory approvals. Moreover, Marubeni has agreed to acquire a stake in ExxonMobil’s low-carbon hydrogen and ammonia production facility. The sentiment regarding this partnership is positive, with ExxonMobil's president emphasizing the use of American natural gas to boost global energy supply, aid Japan's decarbonization efforts, and contribute to job creation. This collaboration sets the stage for the delivery of low-carbon ammonia from the U.S. to Japan in the coming years. In financial terms, ExxonMobil recently reported its first-quarter revenues, which slightly missed the consensus, while its adjusted EPS surpassed expectations. Investors interested in Exxon Mobil can consider ETFs like EA Series Trust Strive U.S. Energy ETF and Fidelity MSCI Energy Index ETF. As a result of this news, XOM shares were up premarket. The overall impact of this deal is poised to enhance the global energy landscape and promote sustainable practices in the energy sector.