Sheikh Khaled bin Mohamed bin Zayed Al Nahyan witnessed the signing of an agreement where ADNOC will acquire a 35% stake in ExxonMobil's low-carbon hydrogen and ammonia production facility in Baytown, Texas. The investment aims to reduce greenhouse gas emissions in sectors like industry, energy, and transportation. The facility, upon startup, is set to be the world's largest of its kind, producing carbon-free hydrogen and low-carbon ammonia. Expected to receive final investment decision in 2025 and startup in 2029, the project will utilize advanced carbon capture and storage technologies. The partnership between ADNOC and ExxonMobil will create U.S. jobs, support community initiatives, and bring economic benefits to Baytown and Texas. ADNOC's commitment extends to fostering community development and ensuring that the project's benefits encompass social and economic advancements, aligning with their sustainability strategy.