04-09-2024
ADNOC and ExxonMobil agreement for low-carbon hydrogen facility
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council, has witnessed the signing of an agreement today that ADNOC will acquire a 35% equity stake in Exxon Mobil Corporation’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas.
The agreement represents a significant investment in the United States’ (U.S.) energy production and the global energy transition. It will help reduce greenhouse gas emissions across hard-to-decarbonize sectors, including industry, energy and transportation, meet rising demand for lower-carbon fuels, and accelerate a net-zero future.
Contingent on supportive government policy and necessary regulatory permits, the facility is expected to be the world’s largest of its kind upon startup, capable of producing up to 1 billion cubic feet (bcf) daily of low-carbon hydrogen, which is virtually carbon-free with approximately 98% of carbon dioxide (CO2) removed and more than 1 million tons of low-carbon ammonia per year. A final investment decision (FID) is expected in 2025 with anticipated startup in 2029.
His Excellency Dr. Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology and ADNOC Managing Director and Group CEO, said: "This strategic investment is a significant step for ADNOC as we grow our portfolio of lower-carbon energy sources and deliver on our international growth strategy. We look forward to partnering with ExxonMobil on this low carbon-intensity and technologically advanced project to meet rising demand and help decarbonize heavy-emitting sectors.”
The facility will leverage advanced carbon capture and storage technologies to reduce emissions associated with hydrogen production. Creating U.S. jobs and supporting community development initiatives, the project’s construction will also bring substantial economic benefits to Baytown, the Houston area and Texas.
Darren Woods, ExxonMobil Chairman and CEO, said: “We appreciate His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s support for this groundbreaking partnership. This is a world-scale project in a new global energy value chain. Bringing on the right partners is key to accelerating market development, and we’re pleased to add ADNOC’s proven experience and global market insights to our Baytown facility.”
Following FID for the project, ADNOC intends to support ongoing community initiatives in the Baytown area, in line with the company’s commitment to sustainability and education in the locations where it operates. This commitment reflects ADNOC’s broader strategy to foster community development and ensure that the benefits of its projects extend beyond environmental gains to include social and economic advancements.
News Category:
-
Pioneering hydrogen infrastructure: Mabanaft joins TransHyDE 2.0 as founding member
Mabanaft announces its role as a founding member of the newly launched TransHyDE 2.0 initiative, which aims to advance the development of a robust European hydrogen infrastructure. ...
23-04-2025
-
TotalEnergies to reconfigure its petrochemicals operations to strengthen competitiveness
TotalEnergies’ Antwerp platform provides an update on its investments for the future and announces plan to reconfigure its petrochemicals operations to strengthen competitiveness. ...
22-04-2025
-
Amogy to accelerate commercialisation of ammonia cracking catalyst in partnership with JGC
Amogy, a provider of mature, scalable, and efficient ammonia-to-power solutions, today announced the first pilot plant deployment of its advanced ammonia cracking catalyst ...
17-04-2025
-
Saneg JetWhites to develop business in the aviation fuel segment
Uzbekistan oil and gas company Saneg announces the creation of a new subsidiary - Saneg JetWhites, which will become an operator for the sale of aviation fuel of both ...
16-04-2025
-
Landmark hydrogen mega-project, HySpeed, set to create 24,000 jobs
Some of Britain’s biggest companies have joined forces for a landmark clean hydrogen mega-project which will inject £6.5bn of private capital into the economy and ...
15-04-2025
-
OQ and Royal Vopak to accelerate development of Duqm as integrated industrial hub
OQ, spearheading the development of Duqm in Oman as a premier integrated hub for hydrocarbons, chemicals, and low-carbon products, and Royal Vopak entered into an exclusive ...
15-04-2025
-
Wärtsilä introduces CO2 liquefaction solution
Wärtsilä Gas Solutions, a part of technology group Wärtsilä, introduces The Wärtsilä Gas Solutions Puregas BC, for purifying and liquefying the carbon dioxide ...
15-04-2025
-
Worley accelerates e-Methanol production with Topsoe in the US Midwest
Worley has entered into a collaboration with decarbonisation technology expert Topsoe to accelerate standardised, modular e-Methanol production plants in the US ...
10-04-2025
-
Lhyfe has two green hydrogen projects shortlisted by UK government for HAR2
Lhyfe, one of the world’s pioneers in the production of green and renewable hydrogen, is pleased to announce that both of its planned green hydrogen production ...
10-04-2025
-
Wärtsilä to supply bioLNG plants for two large-scale biogas projects in Finland
Wärtsilä Gas Solutions, part of technology group Wärtsilä, will supply and install the bioLNG production solutions for two large-scale biogas projects in ...
10-04-2025