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Maritime News - 2024 Aug 5

05 Aug 2024

Woodside to Buy Ammonia Project on US Gulf Coast for $2.35B

Illustration (Credit: OCI Global)

Australia’s Woodside Energy has signed an agreement with Dutch-based OCI Global to acquire its clean ammonia project for $2.35 billion, which is still under construction on the U.S. Gulf Coast in Texas.Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia Holding, and its lower carbon ammonia project in Beaumont, in a move that strengthens the company’s transition to green…

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