Exxon Mobil has announced a significant milestone in its efforts towards low-carbon energy production by signing a long-term agreement with Japanese trading house Marubeni. The agreement entails the supply of 250,000 metric tons of low-carbon ammonia per year to support Exxon's planned hydrogen facility in Baytown, Texas. This venture marks Exxon's first customer agreement for the proposed hydrogen facility, which aims to become the world's largest low-carbon hydrogen production site. The hydrogen will be derived from natural gas, with carbon dioxide emissions captured and stored underground to minimize environmental impact. The partnership also involves Marubeni taking an equity stake in the Baytown hydrogen facility, demonstrating a deeper collaboration between the two companies. While the exact percentage of Marubeni's stake remains undisclosed, this move signals a shared commitment towards sustainable energy solutions. Exxon's President of Low Carbon Solutions, Barry Engle, expressed optimism about the agreement, highlighting it as a positive step for the ambitious project. The final investment decision for the Baytown hydrogen facility hinges on various factors, including supportive government policies and regulatory approvals. Exxon is slated to make this decision within the year, indicating a crucial phase in advancing towards cleaner energy production. The collaboration between Exxon Mobil and Marubeni reflects a strategic alignment towards environmentally friendly practices and signifies a significant advancement in the energy industry's transition towards low-carbon solutions.