International oil company ADNOC set to claim a 35% stake in ExxonMobil's hydrogen project based in Baytown.
In a significant move for the gas industry, the Abu Dhabi National Oil Company (ADNOC) has agreed to purchase a 35% stake in ExxonMobil's proposed blue hydrogen and ammonia mega project in Baytown, Texas. The United Arab Emirates' oil giant signed the contract, enabling its participation in this ambitious project.
The project, planned for a start-up in 2029, aims to produce more than one million tonnes of low-carbon ammonia annually. It also includes carbon capture and storage technology, with an anticipated capacity to capture and store seven million tonnes of CO2 yearly. This makes it one of the largest facilities of its kind.
The facility is designed to produce up to one billion cubic feet of low carbon hydrogen daily. The project, located in Baytown, Texas, is expected to be the largest of its kind, contributing significantly to the global shift towards low-carbon energy solutions.
The article, published by gas world, offers in-depth content about this transformative project. It also provides insights into the digital transformation in the gas industry, emphasising the importance of staying connected digitally in today's world.
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The final investment decision (FID) for the project is expected to be made in 2025. This project is not just a step forward for ExxonMobil and ADNOC, but for the entire gas industry, as it underscores the commitment to a more sustainable future.
