Exxon and JERA sign accord for Exxon to supply low-carbon hydrogen fuel to JERA, with JERA considering an annual purchase of 500,000 tons of ammonia.

JERA and Exxon Mobil Corp. have signed an accord for Exxon to sell low-carbon hydrogen fuel to Japan's largest power provider, with JERA considering purchasing 500,000 tons of ammonia annually from Exxon's proposed low-carbon hydrogen project in Baytown, Texas. Exxon is pressing the case for hydrogen produced from natural gas to receive US tax credits under the Inflation Reduction Act. The non-binding agreement demonstrates significant demand for low-carbon hydrogen and ammonia.

March 25, 2024
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