Mariam Sharman

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Mariam Sharman
Proposted By Xpylon News Energy Update

Woodside Acquires OCI’s Clean Ammonia Project in Texas 🌱💰

Energy company Woodside has completed the acquisition of OCI's 1.1 million metric tonnes clean ammonia project in Beaumont, Texas. With a total cash consideration of approximately $2.35 billion, the project is expected to produce its first ammonia by 2025 and lower carbon ammonia by 2026. OCI will continue managing construction and startup.


This acquisition positions Woodside as a leader in the growing lower carbon ammonia market, which is projected to see global demand double by 2050. As decarbonization policies evolve, this sector offers significant opportunities for investment and innovation. 🌍🔋

CleanAmmonia
SustainableEnergy
Decarbonization
GreenHydrogen
TexasEnergy
EnergyTransition
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