ADNOC invests in major Texas blue hydrogen project
Emirati NOC signs groundbreaking deal to take 35% stake in ExxonMobil’s large-scale Baytown project, despite uncertainty over US government support
ADNOC has agreed to take a 35% equity stake in ExxonMobil’s large-scale Baytown blue hydrogen project in Texas, in a deal that marks an acceleration of the Emirati NOC’s international expansion in clean energy. Baytown is the world’s largest blue hydrogen project, with an expected output of 1bcf/d, and more than 1mt/yr of low-carbon ammonia, using US natural gas. The project is designed to achieve CO₂ capture rates of more than 98%. "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,” said Sultan Ahmed al-Jaber, Emirati minister of industry and advanced technology and ADNOC CEO. “
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