ExxonMobil (XOM), Air Liquide Partner for Texas Hydrogen Project

Core Insights - ExxonMobil has partnered with Air Liquide to reduce carbon emissions and support decarbonization of industrial operations along the U.S. Gulf Coast [1] - The partnership focuses on enhancing low-carbon hydrogen production, utilizing Air Liquide's pipeline network for transportation [2] - The Baytown facility is projected to produce 1 billion cubic feet of low-carbon hydrogen daily and capture over 98% of associated CO2 emissions [3] - Production at the Baytown facility is expected to start in 2028, with a final investment decision anticipated in 2024 [4] - This collaboration aims to create a sustainable low-carbon hydrogen market and support global efforts to reduce industrial carbon emissions [5] Low-Carbon Hydrogen Production - ExxonMobil will leverage Air Liquide's existing infrastructure to transport low-carbon hydrogen, which is essential for expanding the low-carbon hydrogen market [2] - Air Liquide will construct and operate four large modular air separation units at the Baytown site, supplying 9,000 metric tons of oxygen and up to 6,500 metric tons of nitrogen daily [2] Project Scope and Environmental Commitment - The Baytown facility aims to produce over 1 million tons of ammonia annually, showcasing a commitment to sustainable practices [3] - The project is designed to capture more than 98% of CO2 emissions, emphasizing ExxonMobil's focus on environmentally friendly operations [3] Future Plans and Strategic Partnerships - The final investment decision for the Baytown project will depend on stakeholder support, regulatory permitting, and market conditions [4] - ExxonMobil has also signed a framework agreement with JERA to explore ownership participation in the Baytown project and procurement of low-carbon ammonia for Japan [4]