Marubeni Corporation and ExxonMobil have entered into a long-term agreement for the supply of 250,000 tonnes of low-carbon ammonia annually, fostering U.S.-Japan industrial cooperation and advancing decarbonization efforts.

Information on the Target

Marubeni Corporation, headquartered in Tokyo, Japan, is a diversified trading and investment company with a global presence. Established in December 1949, Marubeni engages in a wide range of business activities including trading, resource development, and investments across various sectors such as energy, agriculture, and infrastructure. It aims to leverage its extensive network to drive innovation and sustainable solutions within the industries it operates.

Exxon Mobil Corporation, a major player in the international energy sector, is recognized for its contributions to both traditional and low-carbon energy solutions. The company operates through three main segments: Upstream, Product Solutions, and Low Carbon Solutions, providing essential products including energy and chemicals. ExxonMobil's ongoing commitment to reducing greenhouse gas emissions underscores its role in fostering a more sustainable energy landscape worldwide.

Industry Overview in Japan

Japan is facing significant challenges in its energy landscape, particularly with an increasing demand for renewable energy solutions. In response to climate change and various international commitments, Japan has been