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Oct 2, 2024

Woodside Completes OCI Clean Ammonia Acquisition

Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding B.V., which holds its lower carbon ammonia project in Texas (Project), from OCI N.V. (together with its affiliates, OCI). The completion follows Woodside’s announcement on 5 August 2024 that it had entered into an agreement to acquire OCI’s 1.1 Mtpa Clean Ammonia Project.

Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding B.V., and its lower carbon ammonia project in Beaumont, Texas (Project) for an all-cash consideration of approximately $2,350 million. The Project is under construction and targets production of first ammonia from 2025 and lower carbon ammonia from 2026.

Woodside Energy has signed a non-binding Memorandum of Understanding with four Japanese companies (Sumitomo Corporation, JFE Steel Corporation, Sumitomo Osaka Cement Co. Ltd and Kawasaki Kisen Kaisha) to enable studies of a potential carbon capture and storage (CCS) value chain between Japan and Australia.

Woodside Energy has signed a non-binding Memorandum of Understanding with three Japanese companies to enable studies of a potential carbon, capture and storage (CCS) value chain between Japan and Australia.

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