Exxon Mobil Corp. and ADNOC have entered into an agreement for ADNOC to acquire a 35% equity stake in ExxonMobil's proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. The partnership is aimed at reducing greenhouse gas emissions across sectors such as industry, energy, and transportation, meeting the demand for lower-carbon fuels, and driving towards a net-zero future. The facility, upon startup and subject to regulatory permits, is expected to be the world's largest of its kind, capable of producing significant amounts of low-carbon hydrogen and ammonia annually. This strategic investment is seen as a vital step in the global energy transition. The project will employ advanced carbon capture and storage technologies to minimize emissions, create job opportunities in the U.S., and bring economic benefits to the Houston area and Texas. ADNOC's commitment to supporting community initiatives in Baytown reflects their broader strategy of ensuring that environmental gains translate into social and economic progress, showcasing a holistic approach to sustainability and development.