Allstream Insiders - “Insider” News for Industry

Momentum continues to build for ExxonMobil™ Low Carbon Hydrogen and ammonia. Mitsubishi Corporation just signed up to pursue offtake of low-carbon ammonia as well as an equity stake in our Baytown, TX hydrogen and ammonia project. Mitsubishi is the latest world-class partner to come on board joining ADNOC Group, Air Liquide and JERA Co., Inc. as momentum accelerates for the world’s largest low-carbon hydrogen project. Together, we plan to advance U.S.-produced low-carbon hydrogen and ammonia to help the world achieve a lower-emission future. https://lnkd.in/gpN6PYPs Connect with ExxonMobil Low Carbon Solutions to get hydrogen-ready: https://lnkd.in/gT7J_X6R #realworldprogress #hydrogen #ammonia ExxonMobil Baytown Area

Today, we are pleased to announce that ADNOC Group, a leading diversified energy and petrochemicals group wholly owned by the Emirate of Abu Dhabi, will acquire a 35% equity stake in ExxonMobil’s proposed low-carbon hydrogen and ammonia production facility in Baytown, Texas. This agreement represents a significant investment in the United States’ energy production and the global energy transition. It will help reduce greenhouse gas emissions across hard-to-decarbonize sectors, including industry, energy and transportation, meet rising demand for lower-carbon fuels and help customers in hard to abate industries progress their ambitions to lower emissions. Darren Woods, ExxonMobil Chairman and CEO, said: “We appreciate His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan’s support for this groundbreaking partnership. This is a world-scale project in a new global energy value chain. Bringing on the right partners is key to accelerating market development, and we’re pleased to add ADNOC’s proven experience and global market insights to our Baytown facility.” Our Baytown facility will leverage advanced carbon capture and storage technologies to reduce emissions associated with hydrogen production. Creating U.S. jobs and supporting community development initiatives, the project’s construction will also bring substantial economic benefits to Baytown, the Houston area and Texas. Read the full press release here: https://lnkd.in/gc_miRGV #hydrogen #ammonia #loweremissions #energytransition #realworldprogress #baytown #netzero

The arrival and installation of the first loop reactor leg signals a pivotal moment in the construction of our world-class facility in Orange County, TX. Our highly skilled team is lifting and setting the legs in place this morning. This key piece of foundation will eventually support a high-density polyethylene loop reactor that is 220-feet tall and weighs 2.9 million pounds.