Mitsubishi tentatively agrees to acquire a stake in ExxonMobil's Texas hydrogen facility, supporting Japan's decarbonization goals.

Mitsubishi has tentatively agreed to acquire a stake in ExxonMobil's hydrogen facility in Texas, focusing on low-carbon ammonia production. This initiative supports Japan's decarbonization goals, promoting hydrogen and ammonia use in sectors like power, steel, and automobiles. ExxonMobil's plant aims to generate up to 1 billion cubic feet of hydrogen daily with 98% CO2 removal, producing over 1 million tons of ammonia annually. A final decision is anticipated next year.

September 13, 2024
14 Articles