Exxon Mobil, Air Liquide Team Up For Clean Hydrogen Project: Details
Written by Emily J. Thompson, Senior Investment Analyst
Source: Benzinga
- Exxon Mobil and Air Liquide Deal: Exxon Mobil Corporation partners with Air Liquide to produce low-carbon hydrogen and ammonia in Texas.
- Market Development Collaboration: The collaboration aims to develop a low-carbon hydrogen market on the U.S. Gulf Coast to help industrial customers reduce their carbon footprint.
- Transportation and Operations: The deal includes transporting low-carbon hydrogen through Air Liquide's pipeline network and operating Large Modular Air separation units for oxygen and nitrogen supply.
- Environmental Impact: The project plans to use low-carbon electricity to minimize carbon footprint, capturing over 98% of associated CO2 emissions.
- Investment Decision and Future Plans: Final investment decision depends on government policies and permits; the facility is expected to be the world's largest hydrogen production site.
Analyst Views on IYE
Wall Street analysts forecast IYE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
