Air Liquide has announced a substantial investment of up to $850 million in the construction of four Large Modular Air Separation Units in Baytown, TX, under a long-term agreement with ExxonMobil for a low-carbon hydrogen project. This move is set to expand Air Liquide's oxygen production capacity by 50%, marking the largest industrial investment in the company's history. The new Baytown platform will focus on providing low-carbon oxygen, nitrogen, argon, krypton, and xenon to ExxonMobil, supporting their low-carbon hydrogen and ammonia production. By utilizing low-carbon electricity and innovative solutions, the project aims to reduce the carbon footprint by two-thirds. The investment aligns with Air Liquide's strategy for decarbonization and energy efficiency, with the new facilities consuming 25% less electricity per ton of oxygen produced and being powered by renewable and low-carbon electricity sources. The decision to invest is dependent on the progress of ExxonMobil's hydrogen project and demonstrates Air Liquide's commitment to market expansion in the U.S. air gases sector and the strengthening of its global footprint.