Woodside Energy has acquired a clean ammonia project in Texas for $2.35 billion, expanding its presence in the U.S. and accelerating its low-carbon energy strategy.
Two weeks after announcing a major push into the U.S. LNG business, Australian group Woodside Energy said on Monday it would acquire a clean ammonia project in Texas for $2.35 billion in cash as it seeks to grow its lower-carbon offering and cut emissions from its products. Woodside will buy the OCI clean ammonia project in Beaumont, Texas .
The deal would give Woodside the ‘early-mover’ advantage in the low-carbon ammonia market, while the location on the U.S. Gulf Coast gives it access to multiple sources of feedstock and a deepwater port for international export. The acquisition supports Woodside’s strategy to thrive through the energy transition, Woodside CEO Meg O’Neill said.
Clean Ammonia Texas Acquisition Low-Carbon Energy Hydrogen Energy Transition LNG Carbon Capture Decarbonization
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