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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