Woodside Energy Group Acquires OCI Clean Ammonia Project in Beaumont, Texas

August 5, 2024

OCI Global has completed the divestment of its 1.1 million metric tonnes Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd. The transaction is valued at about USD 2.35 billion on a cash-free, debt-free basis and OCI will continue to manage construction through provisional acceptance.

Buyers
Woodside Energy Group Ltd
Targets
OCI Clean Ammonia project (OCI Clean Ammonia Holding B.V.); 1.1 million metric tonnes lower-/clean-carbon ammonia facility under construction in Beaumont, Texas
Sellers
OCI Global (OCI), including OCI N.V. and affiliates
Industry
Energy
Location
Texas, United States
Transaction Type
Divestiture

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