Hydrogen is one of the key pillars of Exxon’s and other Big Oil’s low-carbon strategy. — Bloomberg
ABU DHABI: Abu Dhabi National Oil Co or Adnoc has agreed to take a 35% stake in Exxon Mobil Corp’s proposed hydrogen project in Baytown, Texas, which is likely to be the world’s biggest once built.
The backing from the United Arab Emirates’s (UAE) national oil company is “another proof point of the overall momentum” behind the project, Dan Ammann, president of Exxon’s low-carbon division, said in an interview.
