Air Liquide has announced a substantial investment of up to $850 million to construct and operate four Large Modular Air separation units in Baytown, Texas, as part of a strategic partnership with ExxonMobil for a low-carbon hydrogen project. This initiative would boost Air Liquide's oxygen production capacity by 50% in Texas and is poised to be the company's largest industrial investment. The low-carbon platform will primarily supply ExxonMobil with low-carbon oxygen and nitrogen, along with argon, krypton, and xenon for Air Liquide's customers. By utilizing low-carbon electricity and innovative solutions, the project aims to reduce the CO2 footprint of oxygen production significantly. The Air Liquide Baytown Low Carbon Platform, subject to final investment decision, would produce record volumes of oxygen and nitrogen to support low-carbon hydrogen and ammonia synthesis. The agreement also includes utilizing Air Liquide's pipeline infrastructure to promote low-carbon hydrogen development. Additionally, the project will strengthen the rare gases market with high argon, krypton, and xenon outputs. The Large Modular Air separation units will optimize energy consumption, using 25% less electricity for oxygen production, and will be powered by renewable and low-carbon electricity. The investment decision is contingent upon governmental support, regulatory permits, and market conditions. Air Liquide's CEO highlighted the company's commitment to innovation and decarbonization through this strategic partnership, aiming to contribute to a low-carbon future and expand its presence in the U.S. industrial sector.