During ExxonMobil's first-quarter earnings call, CEO Darren Woods expressed optimism regarding the continuation of low-carbon hydrogen production incentives post White House review, underscoring their importance for the company's project in Baytown, Texas. Woods highlighted the significance of the 45V hydrogen production tax credit in establishing a competitive market for zero-emissions fuel against conventional fossil fuels. The company's focus on developing the largest low-carbon hydrogen plant globally in Baytown is strategic, aiming to generate around 1 billion cubic feet per day of hydrogen from natural gas with carbon capture technology. While ExxonMobil explores options like the 45Q incentive for emission reduction projects, the preference for the 45V incentive showcases the scale and ambition of their hydrogen and ammonia production plans along the Texas Gulf coast. Securing additional offtake agreements is crucial for ExxonMobil's final investment decision, with CEO Woods emphasizing the need for confidence in generating adequate returns to justify the substantial investments required. The project primarily targets decarbonizing operations at the Baytown refinery, with surplus production earmarked for export as ammonia, supported by agreements with Trammo and potential interest from Jera. With a focus on meeting market demand, ExxonMobil's project exemplifies a strategic approach to leveraging federal incentives and sales commitments for advancing low-carbon hydrogen production and driving sustainable energy practices.