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mitsubishi-eyes-stake-in-exxonmobils-major-blue-hydrogen-project-in-texas
© ExxonMobil
mitsubishi-eyes-stake-in-exxonmobils-major-blue-hydrogen-project-in-texas
© ExxonMobil

Mitsubishi eyes stake in ExxonMobil’s major blue hydrogen project in Texas

Mitsubishi Corporation is exploring the offtake of low-carbon ammonia and equity participation in ExxonMobil’s blue hydrogen production project in the US.

Located in Baytown, Texas, the plant is expected to produce more than one million tonnes of ammonia per year, with a final investment decision (FID) anticipated next year ahead of a 2029 startup.

Mitsubishi aims to convert part of its liquified petroleum gas (LPG) terminal into an ammonia terminal for transhipment, which will then supply the fuel to power generation, process heating and other industrial activities,  mainly in the Shikoku and Chugoku regions in Japan.

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