Mitsubishi Corporation has reached an agreement with ExxonMobil to purchase a stake in the Baytown megaproject in Texas, focused on blue hydrogen and ammonia production. The project aims to play a crucial role in Japan's clean energy transition by providing low-carbon ammonia for power generation. The Baytown facility, considered the largest of its kind, is set to produce significant amounts of low-carbon hydrogen and ammonia while capturing and storing a substantial volume of CO2 annually. Mitsubishi's involvement aligns with its strategy to convert part of its LPG terminal into an ammonia hub and establish supply chains between the US and Japan. The collaboration extends to other companies like Abu Dhabi National Oil Company and Air Liquide, which are investing in carbon capture and oxygen production infrastructure to support the project's goals. JERA, a major player in power generation, is also exploring participation in the project and aims to procure a significant quantity of low-carbon ammonia for the Japanese market. The joint efforts demonstrate a commitment to accelerating the transition to clean energy in sectors that are challenging to decarbonize.