ADNOC has agreed to take a 35% equity stake in ExxonMobil’s blue hydrogen and ammonia project in Texas, the US.
Located in Baytown, the facility could produce up to 900,000 tonnes of hydrogen and over one million tonnes of low-carbon ammonia per year. The two companies now expect a final investment decision (FID) to be made next year, ahead of start-up in 2029.
Following a successful FID, the Abu Dhabi National Oil Company (ADNOC) plan 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.”
The complex is subject to supportive government policy and necessary regulatory permits, leveraging carbon capture and storage (CCS) technologies combined with hydrogen production.
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