BRIEF-ADNOC To Acquire 35% Stake In ExxonMobil's Proposed Production Facility In Baytown, Texas-February 2024-www.financetom.com

BRIEF-ADNOC To Acquire 35% Stake In ExxonMobil's Proposed Production Facility In Baytown, Texas

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BRIEF-ADNOC To Acquire 35% Stake In ExxonMobil's Proposed Production Facility In Baytown, Texas

Sep 6, 2024 12:13 PM

Sept 4 (Reuters) - ADNOC:

* KHALED BIN MOHAMED BIN ZAYED WITNESSES SIGNING CEREMONY

FOR

ADNOC AND EXXONMOBIL PARTNERING IN WORLD'S LARGEST LOW-CARBON

HYDROGEN FACILITY

* ADNOC: WILL ACQUIRE 35% EQUITY STAKE IN EXXON MOBIL

PROPOSED

LOW-CARBON HYDROGEN AND AMMONIA PRODUCTION FACILITY IN BAYTOWN,

TEXAS

* ADNOC: FINAL INVESTMENT DECISION EXPECTED IN 2025 WITH

ANTICIPATED STARTUP IN 2029

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