Woodside Energy Group (AU:WDS) has released an update.
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Woodside Energy Group has announced the acquisition of OCI’s Clean Ammonia Project in Beaumont, Texas, marking a significant move towards low-carbon ammonia production. The project, which is 70% complete and expected to commence production in 2025, aligns with Woodside’s strategy to invest in new energy solutions and meet its Scope 3 targets for CO2 abatement. This $2.35 billion investment includes guarantees from OCI, promising a reduction in execution risk and ensuring the integration of OCI’s operational expertise.
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