Woodside Energy Acquires OCI’s Clean Ammonia Project for approximately $2.35 billion in Beaumont, Texas.
5 August, 2024Uncategorized
The project, currently under construction, is set to produce its first ammonia in 2025 and lower carbon ammonia by 2026.
Key Points:
⚫ Acquisition: OCI Clean Ammonia Holding B.V.
⚫First Production: 2025 (ammonia), 2026 (lower carbon ammonia).
⚫Technology: Auto thermal reforming with 95%+ CO2 capture.
⚫Capacity: Abate 3.2 Mtpa CO2-e at full development.
⚫Financials: Exceeds 10% IRR, cash flow positive by 2026, EPS positive by 2027.
This acquisition marks a significant step towards achieving Woodside’s Scope 3 investment and abatement targets, reinforcing its commitment to a sustainable energy future.
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