ADNOC will acquire a 35% equity stake in the Baytown mega-project, which is targeting the production of 900,000 tons of CCS-based hydrogen per year. Mitsubishi and project lead Exxon will continue negotiations towards a formal offtake and equity agreement.
Ten08 Energy’s US Gulf Coast low-carbon ammonia production facility is expected to come online by early 2030, initially featuring a 1.4 million metric tonnes-per-year train. The hybrid facility will produce ammonia from both CCS-based and electrolytic hydrogen feedstock. The ammonia will be exported by sea to Europe and Asian markets.
The Canadian government will allocate up to CAD 300 million for hydrogen & derivative exports to Europe, via a H2Global auction scheme. This funding commitment is expected to be matched by the German government, with the tender process set to launch before the end of this year.
