JERA,XOM to Develop Low Carbon Hydrogen Production Project
3/26 11:01 AM
JERA,XOM to Develop Low Carbon Hydrogen Production Project OAKHURST, N.J. (DTN) --- JERA Co., Inc. has reached a project framework agreement with ExxonMobil to jointly explore the development of a low carbon hydrogen and ammonia production project in the United States. ExxonMobil is currently developing what is expected to be the world's largest low-carbon hydrogen production plant at its Baytown Complex in Texas. The plant is slated to have an annual production capacity of 900,000 tonnes of low-carbon hydrogen and annual production capacity of more than 1 million tonnes of low-carbon ammonia. The project is slated to begin production in 2028. Under the terms of the agreement, the companies will explore JERA's ownership participation in the project and JERA's procurement of approximately 500,000 tonnes annually of low-carbon ammonia production by the project for demand in Japan. "Cooperation among leading companies is essential to establish supply chains for ammonia, hydrogen, and other products that are key to zero-emission thermal power," said Steven Winn, JERA's senior managing executive officer and chief global strategist. "We believe that working together with ExxonMobil, who is actively promoting investment in carbon capture and storage and hydrogen, will contribute to the transition to a global decarbonized society." Dan Ammann, president of ExxonMobil Low Carbon Solutions, said, "Building world-scale projects for new markets requires supply, demand and supporting regulation to all come together in sync. We appreciate JERA's leadership in helping advance the hydrogen economy and see this agreement as an important catalyst." (c) Copyright 2024 DTN, LLC. All rights reserved.
 
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