ExxonMobil Corporation has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for a low-carbon hydrogen and ammonia production facility in Baytown, TX. ADNOC will acquire a 35% stake in the project to boost the production of low-carbon fuels and reduce greenhouse gas emissions. The partnership aims to advance towards net-zero targets and implement carbon capture and storage technologies. Despite a one-year delay in the project's initiation, ExxonMobil plans for one of the largest global production facilities, capable of producing vast amounts of low-carbon hydrogen and ammonia while removing a significant portion of carbon emissions. Government incentives, including tax credits, are vital for the project's realization, with the U.S. government's support under President Joe Biden being crucial. The project's success hinges on regulatory approvals and support for clean energy initiatives. ADNOC's investment is part of its international growth strategy, focusing on lower-carbon energy sources and decarbonization efforts. The collaboration signifies a step towards sustainability and reduced emissions in the energy sector.