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Exxon plans hydrogen and carbon-capture/storage plant near Houston

Houston

HOUSTON, March 1 (Reuters) - Exxon Mobil Corp. (XOM.N) on Tuesday said it plans a hydrogen production plant and a carbon capture and storage (CCS) project at its Baytown refinery near Houston, Texas, an effort to reduce its carbon footprint while earning a profit.

The complex would be Exxon's first contribution to a cross-industry effort to create a $100 billion carbon capture and storage zone along the Houston Ship Channel, the so-called Houston Hub.

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