ENERGY PARTNERS
ADNOC acquires 35% stake in Exxon Mobil hydrogen plant
The project in Texas is part of Exxon Mobil's efforts to create a new business out of helping other companies decarbonize their operations
Exxon Mobil Chairman and CEO Darren Woods; Sheikh Khaled bin Mohamed, Crown Prince of Abu Dhabi and Chairman of the Abu Dhabi Executive Council; and Dr. Sultan Al Jaber, Minister of Industry and Advanced Technology and ADNOC's Managing Director and Group CEO, at the signing ceremony on Wednesday in Abu Dhabi (Emirates News Agency)
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The UAE’s state fuel company ADNOC is going into the hydrogen business with Exxon Mobil.ADNOC signed an agreement with the largest U.S. oil company in Abu Dhabi on Wednesday to acquire a 35% stake in Exxon Mobil’s low-carbon hydrogen...