Japanese conglomerate Mitsubishi has entered a preliminary agreement with ExxonMobil to acquire a stake in its hydrogen and ammonia project in Baytown, Texas. While the exact stake size and off-take agreements details are expected to be finalized in 2025, the partnership aims to further low-carbon hydrogen and ammonia production globally. The facility, set to commence operations in 2029, will contribute to Japan's decarbonization efforts and provide crucial volumes for heavy industries like steel. With a daily hydrogen production capacity of 1 billion cubic feet and carbon capture technology to mitigate emissions, the project aims to prevent 98% of carbon dioxide associated with production from escaping into the atmosphere. Additionally, the plant plans to produce 1 million tons of low-carbon ammonia annually. Mitsubishi and ExxonMobil are joined by Japanese refining company Idemitsu Kosan in this joint venture, which also involves exploring the conversion of a liquefied petroleum gas terminal in Western Japan into an ammonia facility. This collaboration highlights advancements in carbon capture technology for hydrogen and ammonia production, showcasing efforts towards a sustainable and low-emission future.