In The Netherlands, OCI Global announced the sale of its Clean Ammonia project in Beaumont, Texas, to Woodside Energy Group Ltd for $2.35 billion. The project, which aims to produce 1.1 million metric tonnes of low-carbon ammonia annually, is under construction and is expected to be operational by 2025.
The Beaumont project will utilize Linde’s low-carbon hydrogen production and carbon capture technology. It aims to capture and sequester 1.7 million metric tonnes of CO2 annually, making it a significant player in the global energy transition.
Nassef Sawiris, Executive Chairman of OCI commented: “We are exceptionally proud to have put in motion on a global scale the first FID’d blue ammonia project, with first production expected in less than a year from now.”
The transaction involves Woodside acquiring 100% equity interests in the project. Woodside will pay 80% of the purchase price at closing, with the remaining balance payable upon project completion. OCI will continue managing the construction and commissioning until the facility is fully operational.
Tags: Netherlands, Texas blue ammonia, Woodside Energy
Category: Fuels
