Global energy company Woodside has completed the acquisition of OCI Clean Ammonia and its clean ammonia project in Beaumont, Texas, for $2.3bn.
Woodside first announced its plans to acquire OCI’s ammonia assets in August in a bid to better position itself in the ammonia market and support its strategy related to the energy transition.
Read more: Woodside to acquire OCI Global’s Texas-based clean ammonia project for $2.3bn
The Beaumont project is a 1.1 million tonnes per annum clean ammonia project that will produce ammonia with less than 35% the lifecycle emissions intensity of unbated ammonia. This is achieved with carbon capture and sequestration technology.
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