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ExxonMobil and Marubeni have signed a long-term offtake agreement for low-carbon ammonia from ExxonMobil's Texas facility. Marubeni will purchase around 250,000 tonnes annually and acquire an ownership stake in the production facility. Don’t miss this list of 10 overlooked stocks—including one paying a 9% dividend—before Wall Street catches on.Exxon Mobil Corporation XOM on Wednesday inked a long-term offtake deal with Marubeni Corporation.
As per the deal, Marubeni will purchase around 250,000 tonnes of low-carbon ammonia annually from ExxonMobil’s Baytown, Texas facility.
This facility is projected to produce near carbon-free hydrogen, capturing approximately 98% of CO2, which will then be used to create low-carbon ammonia.
Also Read: Chevron Vs. Exxon: Oil Giants Limp Into Q1 Earnings With Engines Stalling
ExxonMobil’s planned facility in Baytown, Texas, is projected to become the world’s largest of its kind upon its startup. It will have the capacity to produce up to 1 billion cubic feet of near carbon-free hydrogen daily (with approximately 98% of CO2 captured) and over 1 million tons of low-carbon ammonia annually.
The final investment decision for this landmark project is anticipated in 2025, contingent upon favorable government policies and the necessary regulatory approvals.
Additionally, Marubeni has agreed to acquire an ownership stake in ExxonMobil’s low-carbon hydrogen and ammonia production facility.
Barry Engle, president of ExxonMobil Low Carbon Solutions said, "By using American-produced natural gas we can boost global energy supply, support Japan's decarbonization goals and create jobs at home. Our strong relationship with Marubeni sets the stage for delivering low-carbon ammonia from the U.S. to Japan for years to come.”
Last week, the company reported first quarter total revenues and other income of $83.1 billion, which missed the consensus of $86.1 billion and adjusted EPS of $1.76, beating the consensus of $1.70 .
Investors can gain exposure to XOM via EA Series Trust Strive U.S. Energy ETF DRLL and Fidelity MSCI Energy Index ETF FENY .
Price Action: XOM shares are up 0.62% to $105.26 premarket at the last check on Thursday.
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XOM Exxon Mobil Corp $105.50 0.85%Stock Score Locked: Want to See it?
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Short Medium Long Overview DRLL EA Series Trust Strive U.S. Energy ETF $26.72 4.50% FENY Fidelity MSCI Energy Index ETF $22.50 1.44% Got Questions? Ask How will low-carbon ammonia impact energy markets? Which energy stocks could benefit from this deal? What opportunities exist in decarbonization technologies ? How will Japan's energy policy shape future investments? Who stands to gain from Exxon's hydrogen production ? What impact will this have on natural gas suppliers ? How might Marubeni's stake influence market dynamics? What are the implications for U.S. energy jobs ? Which ETFs should investors consider post-announcement? How could global energy supply change with this partnership? Powered By Market News and Data brought to you by Benzinga APIs© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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