Abu Dhabi National Oil Co. (Adnoc) has announced its acquisition of a 35% stake in Exxon Mobil's low-carbon hydrogen and ammonia facility located in Baytown, Texas. This move is part of Adnoc's strategic efforts to transition its portfolio away from traditional fossil fuels towards low-carbon alternatives in response to increasing demand. Once completed, the facility is poised to become the world's largest of its kind, capable of producing 1 billion cubic feet of low-carbon hydrogen and more than 1 million metric tons of low-carbon ammonia annually. These products play a crucial role in the energy transition, with low-carbon hydrogen being nearly carbon-free and ammonia serving as a zero-carbon fuel. Adnoc's Chief Executive, Sultan Ahmed Al Jaber, views this investment as a significant step towards expanding the company's range of lower-carbon energy sources and advancing its international growth strategy. In addition to this venture, Adnoc is in discussions with Covestro for a potential acquisition worth approximately $12.5 billion, further diversifying its portfolio. The company is also actively developing a large liquefied natural gas (LNG) project in Ruwais, UAE, to enhance its LNG capacity. The Baytown site is expected to reach a final investment decision in 2025, with operations slated to begin in 2029, indicating Adnoc's commitment to sustainable energy investments and long-term planning.