ExxonMobil

ExxonMobil is one of the largest publicly traded international energy and petrochemical companies. We provide products that enable modern life, including energy, chemicals, lubricants, and lower emissions technologies. The corporation is pursuing up to $30 billion of low emission opportunities between 2025 and 2030, with almost 65% spent on reducing emissions for third-party customers. Our Low Carbon Solutions business focuses primarily on carbon capture and storage, hydrogen, and lithium.

ExxonMobil is leading the way to reduce emissions for hard-to-abate industries with low-carbon hydrogen (where CO2 associated with production is captured and sequestered) and transforming our own operations in the process. Hydrogen has the potential to meet the demand from customers who are seeking a flexible and low-carbon solution for a wide range of industries. In our work to accelerate the path to a lower-carbon future, we have identified low-carbon hydrogen as a solution that offers an opportunity to reduce emissions at scale.

We expect our planned low-carbon hydrogen facility in Baytown to be the world’s largest, producing up to 1 billion cubic feet of virtually carbon-free hydrogen per day with about 98% of the CO2 captured and stored. Some of this hydrogen will be used to produce over a million metric tons per year of low-carbon ammonia. We are working toward a final investment decision in 2025 with the potential to start operations in 2029.

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