ExxonMobil and Mitsubishi Corporation Join Forces to Lead Global Low-Carbon Hydrogen Initiative
Key Ideas
  • ExxonMobil and Mitsubishi Corporation plan to build the world's largest low-carbon hydrogen facility by 2029, producing 1 billion cubic feet of low-carbon hydrogen daily.
  • Mitsubishi Corporation aims to convert part of its LPG terminal into an ammonia terminal for transshipment, targeting to handle 1 million tons per year of low-carbon ammonia by 2030.
  • The collaboration between ExxonMobil, Mitsubishi Corporation, and Idemitsu Kosan Co.,Ltd. aims to bridge the U.S. and Japan, accelerating the transition to clean energy in hard-to-abate sectors.
  • ExxonMobil's commitment to achieving net-zero Scope 1 and 2 greenhouse gas emissions by 2050 aligns with their focus on low-carbon solutions and advancements in technology supported by government policies.
ExxonMobil and Mitsubishi Corporation have announced a strategic partnership to lead a global low-carbon hydrogen and ammonia initiative. The collaboration aims to construct the largest low-carbon hydrogen facility globally by 2029, capable of producing up to 1 billion cubic feet of low-carbon hydrogen daily, along with 1 million tons of low-carbon ammonia per year. Mitsubishi Corporation plans to repurpose part of its LPG terminal into an ammonia terminal to supply low-carbon ammonia for industrial applications in Japan. Additionally, Mitsubishi Corporation intends to collaborate with Idemitsu Kosan Co.,Ltd. to develop low-carbon hydrogen and ammonia supply chains bridging the U.S. and Japan. Both companies are committed to accelerating the transition to clean energy in challenging sectors. ExxonMobil's dedication to reducing greenhouse gas emissions aligns with their low-carbon solutions focus, aiming to achieve net-zero Scope 1 and 2 emissions from their operated assets by 2050. The company's advancements in technology and support from government policies play a crucial role in realizing their sustainability goals. The joint initiative by ExxonMobil and Mitsubishi Corporation signifies a significant step towards a lower emission future, emphasizing the importance of collaboration and innovation in the energy sector.
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