ADNOC has signed an agreement to acquire a 35% equity stake in ExxonMobil Corporation's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. This investment represents a significant move in the United States' energy sector and the global energy transition. The facility, contingent on government support and regulatory permits, is set to become the world's largest upon startup, capable of producing 1 billion cubic feet of low-carbon hydrogen daily and over 1 million tons of low-carbon ammonia per year. The final investment decision is expected in 2025, with startup anticipated in 2029. The project aims to reduce greenhouse gas emissions across various sectors, meet the demand for lower-carbon fuels, and contribute to a net-zero future. By leveraging advanced carbon capture and storage technologies, the facility will substantially reduce emissions associated with hydrogen production. The construction of the facility is expected to bring economic benefits to Baytown, Houston, and Texas, creating job opportunities and supporting community development. ADNOC's Managing Director and Group CEO, Dr. Sultan Ahmed Al Jaber, highlighted the strategic importance of this investment in expanding the portfolio of lower-carbon energy sources and meeting international growth targets. ExxonMobil's Chairman and CEO, Darren Woods, emphasized the significance of partnering with ADNOC to accelerate market development and enhance the global energy value chain. Post the final investment decision, ADNOC plans to continue supporting community initiatives in Baytown, aligning with its sustainability and education commitments. The company aims to ensure that the benefits of its projects extend beyond environmental gains to encompass social and economic progress in the areas where it operates.