Page 166 - CW E-Magazine (20-5-2025)

News from Abroad

LONG-TERM DEAL

Marubeni secures low-carbon ammonia supply

from ExxonMobil’s US facility

Japanese trading major, Marubeni to 1-billion cubic feet (bcf) daily of collaborate beyond this supply chain
Corporation, has signed a long-term low-carbon hydrogen, which is virtually and strive towards the launch of a global
offtake agreement with Exxon Mobil carbon-free, and more than 1-million market for low-carbon ammonia. We
for approximately 250,000 tonnes of tons of low-carbon ammonia per year. hope to continue to actively coope-
low-carbon ammonia per year. This will Contingent on ongoing supportive govern- rate with ExxonMobil, with a view of
be sourced from ExxonMobil’s facility ment policy and necessary regulatory utilising this experience and relation-
in Baytown, Texas, which is expected permits, a final investment decision is ship we have built to strategically
to produce virtually carbon-free hydro- expected in 2025. decarbonise our power projects in Japan
gen with approximately 98% of CO and Southeast Asia in the near future,”
2
removed and low-carbon ammonia. “Marubeni will take this first step he added.
together with ExxonMobil with the
Marubeni will supply the ammonia aim of establishing a global low-car- By Japan’s fiscal year 2030, Kobe
mainly to Kobe Power Plant, a bon ammonia supply chain for Ja- Power Plant aims to co-fire low-car-
fully owned subsidiary of Kobe Steel. pan through the supply of low-carbon bon ammonia with existing fuel,
Marubeni has also agreed to acquire ammonia to the Kobe Power Plant,” said reducing CO emissions. Through this
2
an equity stake in ExxonMobil’s low- Mr. Yoshiaki Yokota, Senior Managing supply chain, Marubeni aims to assist
carbon hydrogen and ammonia facility. Executive Officer, Member of Corpo- the decarbonization of not only Japan’s
rate Management Committee, Super- power sector but also its hard-to-abate
ExxonMobil’s facility is expec- visor of Energy & Chemicals Div. and sectors, such as the steel manufacturing
ted to be the world’s largest of its kind Power & Infrastructure Services Div., industry, chemical industry, transporta-
upon startup, capable of producing up Marubeni. “Additionally, we aim to tion industry and others.

Waters Corporation posts higher Q1 sales

American analytical technologies Commenting on the results, tional excellence, we are raising our
firm, Waters Corporation, has reported Dr. Udit Batra, President & CEO, Waters, full-year 2025 guidance. Our swift
sales of $662-mn for the first quarter of said, “Our first-quarter results operational actions, combined with
2025, an increase of 4%, as compared exceeded expectations, driven by dou- improvements in foreign exchange,
to sales of $637-mn for the first quarter ble-digit instrument growth, strength position us well to mitigate the im-
of 2024, and an increase of 7% in con- in pharma, and the continued traction pact of recently announced tariffs
stant currency. On a GAAP basis, dilu- of our innovative product portfolio. and policy changes. As a result, we
ted earnings per share (EPS) for the first Given our unique exposure to resi- reaffirm our expectation of delivering
quarter of 2025 was $2.03, compared to lient, downstream applications and high single-digit adjusted EPS growth
$1.72 for the first quarter of 2024. our steadfast commitment to opera- for the year.”

166 Chemical Weekly May 20, 2025

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