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. A final investment decision is expected in two to three years and is pending regulatory permits and engineering studies, according to Ed Graham, vice president of Exxon’s Low Carbon Solutions venture. The largest U.S. producer has allocated $15 billion in initiatives to lower carbon emissions over a […]