Abu Dhabi National Oil Company (ADNOC) has obtained a 35% stake in a proposed large-scale hydrogen plant in Texas developed by Exxon Mobil Corporation. The facility is intended to generate up to 1 billion cubic feet per day of low-carbon hydrogen, with an impressive carbon capture rate of approximately 98%. This initiative falls in line with Exxon Mobil's strategic approach to seize opportunities in the escalating demand for decarbonization solutions. The produced hydrogen will be utilized to cater to the company's refining system or be supplied to third-party buyers connected to the Gulf Coast pipeline network. Moreover, the plant may potentially produce blue ammonia for exports to Northeast Asia or Europe. ADNOC's Executive Vice President, Michele Fiorentino, anticipates a final investment decision to be made by mid-2025 or in the latter part of the following year. The project forecasts its initial production by 2029, with full operational capacity achievable within a year, subject to market demands. Emphasizing the market's need for the project's hydrogen, ADNOC views the facility's scale as a critical element in ensuring cost competitiveness. While the exact expenses of the undertaking remain undisclosed, it is estimated to be in the billion-dollar range. A prospective extension of the plant with a second production train is also under consideration, dependent on future market conditions.