Implications of Policy Changes on Exxon Mobil's Hydrogen Initiative in Baytown
CARBON CAPTURE
Exxon Mobil's hydrogen project in Baytown, Texas, encounters challenges due to recent changes in hydrogen tax credits from the Trump administration. CEO Darren Woods expressed concerns during an earnings call, highlighting the project's "mixed progress." As uncertainty looms over the initiative's future, stakeholders are keenly observing how these tax policy shifts will impact Exxon's ambitions in the hydrogen sector.
Aug 5, 2025, 12:00 AM