Marubeni Corp., a major Japanese trading company, has announced its participation in a significant project led by U.S. oil giant Exxon Mobil Corp. The collaboration is focused on producing low-carbon hydrogen and ammonia and is expected to take place in Texas. The project, slated to become operational in 2029, will be the largest of its kind globally. With a goal to generate approximately 900,000 tons of hydrogen and 1 million tons of ammonia annually from natural gas, the initiative is highly ambitious. Notably, the project emphasizes environmental responsibility by planning to capture and store around 98 percent of the carbon dioxide emitted during production. Furthermore, a substantial portion of the produced ammonia, approximately 250,000 tons, will be directed to Japan, including supply to Kobe Steel Ltd. Despite the project's scale and significance, Marubeni has chosen to keep the exact financial details of its investment undisclosed at this stage.