World’s largest blue hydrogen project at risk as ExxonMobil admits concerns over subsidies and future market demand

The US oil major says price compared to grey hydrogen is still a challenge, particularly given the early termination of the 45V tax credit for clean H2

The Baytown complex in Texas, where ExxonMobil plans to site a blue hydrogen and ammonia project
The Baytown complex in Texas, where ExxonMobil plans to site a blue hydrogen and ammonia projectPhoto: ExxonMobil
Published 4 August 2025, 09:46Updated 4 August 2025, 09:46
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