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What major milestone will the ExxonMobil Texas hydrogen project reach by December 31, 2024?
2
Resolution / Starting Odds
Construction started • 25%
Construction half-completed • 25%
Construction completed • 25%
No significant progress • 25%
Official announcements by ExxonMobil or ADNOC, industry news sources
Story
ADNOC to Take 35% Stake in Delayed ExxonMobil Texas Hydrogen Project
Sep 4, 2024, 12:48 PM
Abu Dhabi National Oil Company (ADNOC) has agreed to take a 35% stake in Exxon Mobil Corp's proposed low-carbon hydrogen project in Baytown, Texas. The project, which is expected to be the world's largest once completed, has been delayed by one year. ADNOC's investment in the project is part of a broader effort to secure tax credits for blue hydrogen in the US. The partnership with ExxonMobil signifies a significant investment from Abu Dhabi, amounting to billions of dollars.
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Completion of infrastructure setup • 25%
First million tons of CO2 stored • 25%
Partnership with new emitters • 25%
No major milestone achieved • 25%
Completion of infrastructure setup • 25%
First hydrogen production • 25%
First hydrogen distribution • 25%
Other • 25%
Electrolysis • 25%
Emissions-captured natural gas • 25%
Biomass gasification • 25%
Other • 25%
Expansion of capacity • 25%
Partnership with another company • 25%
Significant technological upgrade • 25%
No major milestone • 25%
Yes • 50%
No • 50%
Yes • 50%
No • 50%
Construction start • 25%
FID approval • 25%
First LNG shipment • 25%
Project delayed • 25%
Less than 5 million tons • 25%
5 to 10 million tons • 25%
10 to 15 million tons • 25%
More than 15 million tons • 25%