Abu Dhabi National Oil Company (ADNOC) has decided to invest in ExxonMobil's proposed low-carbon hydrogen project in Texas, acquiring a 35% equity stake. The project, initially planning to be the world's largest low-carbon hydrogen facility at Baytown, Texas, has faced a one-year startup delay, now expected to commence operations in 2029. Exxon and ADNOC have not disclosed the value of the transaction. The investment signifies confidence in a project that Exxon had threatened to cancel if the U.S. government imposed restrictions on tax credits. The initiative would be powered by natural gas, with CO2 captured and stored underground, aligning with clean energy objectives. While aiming to produce 900,000 tons of low-carbon hydrogen annually, the project has also expanded its focus to include over 1 million tons of low-carbon ammonia, used in various industrial applications including fertilizer production. Exxon's collaboration with JERA, Japan's top power generator, to explore low-carbon ammonia sales demonstrates a strategic approach to sustainable energy solutions. Overall, the partnership between ADNOC and Exxon, combined with the project's revised production targets and international collaborations, indicates a positive momentum towards advancing low-carbon hydrogen technologies in the energy industry.