Reported about 1 month ago
The Abu Dhabi National Oil Company (Adnoc) has acquired a 35% stake in Exxon Mobil's Baytown hydrogen project in Texas, expected to be one of the largest in the world. The project aims to produce 1 billion cubic feet of hydrogen daily and 1 million tons of ammonia annually, with operations projected to start around 2029. Despite challenges due to tax credit disputes, executives are optimistic about the plant's potential to contribute to lower carbon emissions using carbon capture technologies.
Source: YAHOO