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XOM Halts Plans for Massive Blue Hydrogen Plant Amid Weak Demand
ZACKS· 2025-11-25 20:06
Key Takeaways ExxonMobil has paused its plan for a major blue hydrogen plant in Baytown due to weak demand.Higher costs and limited customer willingness to pay have stalled progress on the project.Economic uncertainty and difficulty securing offtake deals add to challenges facing the project.Exxon Mobil Corporation (XOM) , a U.S. oil and gas giant, stated that it has put a hold on its plans for the construction of the blue hydrogen facility in Baytown, TX, intended to be the largest of its kind, as customer ...