Woodside has acquired OCI Global’s clean ammonia project in Texas, US, for $2.35bn, which is set to produce 1.1 million tonnes per year.
The Australian global energy company entered into a binding equity purchase agreement with OCI for the sale of 100% of its equity interests. The plant in Beaumont is currently under construction and is expected to produce its first ammonia in 2025 and low-carbon ammonia in 2026.
OCI combined its ammonia production, storage and transportation infrastructure with Linde’s low CI hydrogen production and carbon capture technology. Linde also contracted ExxonMobil with the CO2 transportation and sequestration infrastructure.
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