German chemical company BASF and U.S. energy major ExxonMobil have signed a joint development agreement to co-develop methane pyrolysis technology for low-emission hydrogen.

As disclosed, the companies plan to construct and operate a demonstration plant capable of producing up to 2,000 tons of low-carbon emission hydrogen and 6,000 tons of solid carbon product annually. The facility, which will be located at ExxonMobil’s Baytown Complex , is expected to serve as a critical step toward commercial readiness and help validate the technology at scale.