Abu Dhabi National Oil Company (ADNOC) has announced the acquisition of a 35% stake in a future hydrogen plant in Texas, developed by Exxon Mobil Corporation. This strategic partnership reflects a shared goal between the two energy giants to advance hydrogen as a key component of the energy transition and address greenhouse gas emissions. The hydrogen production plant in Texas is set to be a significant facility, aiming to produce up to 1 billion cubic feet of hydrogen per day while capturing 98% of carbon dioxide emissions, positioning it as a leading player in blue hydrogen production in the United States. The project represents a major step in Exxon Mobil's strategy to venture into low-carbon technologies, with ADNOC leveraging the collaboration to diversify its energy portfolio and cater to the increasing demand for low-carbon solutions globally. The produced hydrogen could be utilized within Exxon Mobil's refining system or sold to third-party buyers linked to the Gulf Coast pipeline network. Additionally, the project could expand into blue ammonia production, facilitating the transportation of hydrogen to energy-demanding regions like Northeast Asia and Europe. These markets are actively exploring diverse energy sources to align with their climate goals by investing in blue hydrogen and other renewable energy forms. The final investment decision for the project is anticipated by mid-2025, with production slated to commence in 2029. The scalability of the project allows for a 12-month timeframe to reach full production capacity based on market demand. ADNOC and Exxon Mobil envision competitive hydrogen production costs, positioning themselves strongly in the low-carbon energy sector. The undisclosed investment cost is speculated to be in the range of several billion dollars, with potential for a second production line to meet increasing demands. This partnership signifies the pivotal role of hydrogen in the global energy transition. ADNOC and Exxon Mobil's collaboration underscores the significance of hydrogen in reducing emissions and adapting to the changing energy landscape, particularly in European and Asian industries.