His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, witnessed the signing of an agreement where ADNOC will acquire a 35% equity stake in ExxonMobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas, US. This partnership reflects a significant investment in the US energy production and the global energy transition, aiming to reduce greenhouse gas emissions across various sectors and meet the growing demand for lower-carbon fuels. The facility, expected to be the world's largest upon startup, will leverage advanced carbon capture and storage technologies to produce low-carbon hydrogen and ammonia. The final investment decision is anticipated in 2025 with startup planned for 2029. The project not only focuses on technological advancements but also prioritizes economic benefits for Baytown, Houston, and Texas, creating job opportunities and supporting community development initiatives. The partnership between ADNOC and ExxonMobil is seen as a key step towards accelerating market development in the low-carbon energy sector.