ExxonMobil's Bold Move: Building World's Largest Blue Hydrogen Facility in Texas
Key Ideas
- ExxonMobil is partnering with Worley to construct a state-of-the-art hydrogen and ammonia production facility in Baytown, Texas, with the capacity to produce 1 billion cu ft of blue hydrogen per day.
- The project aims to be the largest of its kind globally and is expected to commence operations by 2029, pending regulatory approvals, contributing significantly to Worley's backlog.
- The facility is designed to be 'virtually carbon-free' with a carbon capture and storage system that could potentially be utilized by other CO2 emitters, showing ExxonMobil's commitment to sustainability.
- In addition to the project in Texas, ExxonMobil has secured a partnership with Abu Dhabi's national oil company ADNOC, further expanding its investments in lower-carbon energy sources.
ExxonMobil is undertaking a significant project to build the world's largest blue hydrogen facility in Baytown, Texas. Teaming up with Worley, the facility will have the capacity to produce 1 billion cu ft of blue hydrogen per day, along with 1 million tons of ammonia annually. The company aims to finalize the investment decision next year, with operational commencement targeted for 2029, pending regulatory approvals. This project is expected to strengthen Worley's backlog and showcases ExxonMobil's dedication to sustainability with a focus on carbon capture and storage technology. Furthermore, the partnership with ADNOC reflects the company's commitment to expanding its portfolio of lower-carbon energy sources. With construction well underway, ExxonMobil is setting the stage for a major advancement in hydrogen production and sustainable energy solutions.