ExxonMobil is making significant strides in the development of a low-carbon hydrogen hub in Baytown, Texas, amidst ongoing skepticism about the scalability of hydrogen as a fuel source. The project has attracted major investors, including ADNOC and Mitsubishi Corp., who have announced substantial investments and partnerships. ADNOC recently agreed to purchase a 35% equity stake in the facility, emphasizing their focus on lower-carbon energy sources and international growth. Similarly, Mitsubishi Corp. has reached a framework agreement with ExxonMobil for an investment in the facility and a long-term offtake agreement for low-carbon ammonia production. ExxonMobil's plans for the Baytown hub involve utilizing natural gas from the refinery operation to produce 'blue' hydrogen, with a portion used to reduce the facility's carbon footprint and the majority allocated for low-carbon ammonia manufacturing. The company's collaboration with key partners like ADNOC and Mitsubishi Corp. aims to bridge the US and Japan in developing low-carbon hydrogen and ammonia supply chains. Despite uncertainty about the profitability of hydrogen hubs, ExxonMobil's commitment to low-carbon solutions and the support from partners indicate a positive outlook for the project. The company anticipates making a final investment decision in 2025, with the facility expected to start operations in 2029. The project's focus on sustainable energy and decarbonization aligns with global efforts to transition towards cleaner energy sources, showcasing the potential for hydrogen to play a significant role in the future energy landscape.