ExxonMobil announced the major step of its plan to develop the world's largest low-carbon hydrogen production facility, with a contract for front-end engineering and design (FEED) awarded to Technip Energies. The oil giant will build the largest low-carbon hydrogen production plant in the world in Baytown Refinery near Houston, Texas. ExxonMobil awarded its FEED contract to French-headquartered Technip Energies. Exxon says it plans to come to a final investment decision in the Baytown hydrogen plant in 2024. Stakeholder's support, permits, and market conditions will dictate how the project goes. The proposed facility will cost Exxon USD7bn to develop. The plant can produce 1 billion cubic feet (bcf) of low-carbon hydrogen daily, making it the world's largest facility.

Source: carboncredits