ExxonMobil Adds Air Liquide To World's Largest Low-Carbon Hydrogen Project; Air Liquide Will Build And Operate Four Large Modular Air Separation Units To Supply 9,000 Metric Tons Of Oxygen And Up To 6,500 Metric Tons Of Nitrogen Daily To The Facility
Portfolio Pulse from Benzinga Newsdesk
ExxonMobil and Air Liquide have announced an agreement to support the production of low-carbon hydrogen and ammonia at ExxonMobil's Baytown, Texas facility. Air Liquide will build and operate four large modular air separation units to supply oxygen and nitrogen, using low-carbon electricity to reduce the project's carbon footprint. The final investment decision is subject to supportive government policy and necessary regulatory permits.
June 24, 2024 | 3:47 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
ExxonMobil's partnership with Air Liquide to produce low-carbon hydrogen and ammonia at its Baytown facility could position the company as a leader in the clean energy sector. The project's success depends on supportive government policies and regulatory permits.
The partnership with Air Liquide and the focus on low-carbon hydrogen production aligns with global trends towards cleaner energy. If the project receives the necessary regulatory approvals, it could significantly enhance ExxonMobil's position in the clean energy market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100