Business is booming.

Exxon Mobil plans large-scale hydrogen plant start-up for 2027

Exxon Mobil Corp disclosed on Monday its plan to start operations at its large-scale hydrogen plant in Texas in 2027 or 2028, Exxons Low Carbon business president Dan Ammann told Reuters.
The unit is part of Exxons efforts to create a new business to make money out of reducing greenhouse gas emissions from other companies looking to decarbonize their own operations. Exxon estimates 10% or more of return for the business.

Exxon has budgeted $7 billion for hydrogen, carbon capture and biofuels projects between 2022 and 2027. A final investment decision for the hydrogen project is expected by 2024.

People will see that this works and that it can be economically viable, Ammann said.

Exxon said its Baytown facility in Texas is expected to produce 1 billion cubic feet of blue hydrogen per day. The fuel, which produces no emissions when burnt, is targeted at heavy industries trying to switch from fossil to renewable fuels.

Blue hydrogen is made from natural gas in combination with carbon capture. Exxon plans to permanently bury underground 98% of the associated CO2 produced, or about 7 million metric tons annually.

Last year, Exxon struck its first commercial carbon storage deal with the worlds top ammonia maker CF Industries under an effort to target a projected $4 trillion CCS market by 2050. Ammonia in its liquid form can be used to transport hydrogen to different parts of the world, as a hydrogen carrier.
You are starting to see the foundation of our Low Carbon solutions business taking shape, Ammann said.

Quality journalism costs money. Today, we’re asking that you support us to do more. Support our work by sending in your donations.

The donation can be made directly into NatureNews Account below

Guaranty Trust Bank, Nigeria


NatureNews Online

Get real time updates directly on you device, subscribe now.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More