Abu Dhabi's state oil giant, ADNOC, is set to acquire a 35% stake in Exxon Mobil's major hydrogen production plant in Texas. The plant is designed to generate up to 1 billion cubic feet per day of low-carbon hydrogen, with a remarkable 98% carbon dioxide removal rate. This collaboration aligns with Exxon's strategy to create a profitable venture by assisting other companies in reducing their greenhouse gas emissions. ADNOC's Executive Vice President mentioned plans to utilize the output to fuel Exxon's refining system, sell to third-party blue hydrogen buyers, or produce blue ammonia for markets in Northeast Asia and Europe. The project's final investment decision is projected around mid-2025, with production slated to begin in 2029 and potentially reaching full capacity within a year, contingent on demand. ADNOC appears optimistic about the project's economic viability, expecting competitive hydrogen production costs. The investment's value remains undisclosed, but it is anticipated to be a substantial amount in the billions. Additionally, there is a possibility of expanding the plant with a second train of similar size in the future, based on market conditions. Overall, this collaboration symbolizes a strategic step towards sustainable energy production and signifies a significant investment in the future of hydrogen.