Woodside Energy Group (AU:WDS) has released an update.
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Woodside Energy Group Ltd is set to acquire OCI’s Clean Ammonia Project for $2,350 million, which will enable the production of lower carbon ammonia from 2026, positioning Woodside in a growing market. The project, expected to be cash and earnings accretive by 2026 and 2027 respectively, aligns with Woodside’s strategy to meet energy transition demands and will significantly contribute to its Scope 3 CO2 abatement targets.
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