ExxonMobil Designates Technip Energies to Cater Hydrogen Production at Mammoth Low-Carbon Facility, Globally
ExxonMobil, one of the world's largest integrated fuels, lubricants, and chemical companies, has announced plans for the world's largest low-carbon hydrogen facility. The project, set to start in 2027-2028, will be located in Baytown, Texas, USA.
The facility, when operational, is expected to produce one billion cubic feet of low-carbon hydrogen per day. It will pair with the largest olefins plant in the United States to deliver more sustainable, lower-emissions products.
ExxonMobil has awarded a contract to Technip Energies for the front-end engineering and design of this ambitious project. The aim is for up to a 30% reduction in Scope 1 and 2 emissions from ExxonMobil's Baytown integrated complex.
More than 98% of the associated CO produced by the facility is expected to be captured and permanently stored, equating to around 7 million metric tons per year. This significant CO capture is part of ExxonMobil's commitment to reducing greenhouse gas emissions.
In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030. The company aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050.
The project involves offtake agreements with third-party customers for the low-carbon hydrogen produced. Additionally, the carbon capture and storage network being developed for the project will be available for use by third-party CO emitters in the area.
ExxonMobil's president, Dan Ammann, stated that the project will offer significant volumes of low-carbon hydrogen and ammonia to third-party customers in support of their decarbonization efforts.
ExxonMobil's primary businesses include Upstream, Product Solutions, and Low Carbon Solutions. The company's products enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies.
The announcement comes as ExxonMobil has also been awarded a contract for the front-end engineering and design of another low-carbon hydrogen facility. This contract was awarded to Technip Energies as well, making it clear that ExxonMobil is committed to investing in low-carbon technologies.
The project's final investment decision is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions. This decision will mark a significant step forward in ExxonMobil's journey towards a more sustainable future.
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