The ADNOC Group has made a significant move by acquiring a 35% equity stake in ExxonMobil Corporation's hydrogen and ammonia production project in Baytown, Texas. This project, poised to be the world's largest upon completion, will focus on producing low-carbon hydrogen and ammonia, with the capacity to remove around 98% of carbon dioxide. The joint venture aims to contribute to cutting greenhouse gas emissions in challenging sectors such as industry, energy, and transportation. ADNOC's investment in this project is part of its broader decarbonisation strategy as it looks to expand its portfolio of lower-carbon energy sources and enhance its international presence. This marks ADNOC's second major acquisition in the US, following its stake in NextDecade's LNG export project. The company's commitment to decarbonisation is evident through its accelerated net zero carbon emissions target and efforts to explore technologies like hydrogen and carbon capture. With a focus on reducing emissions while continuing to cater to evolving industry needs, ADNOC is positioning itself as a key player in the transition towards a more sustainable energy future.