The Netherlands – OCI Global completes the sale of its Clean Ammonia project in Beaumont Texas to Woodside Energy Group a leading global producer and distributor of hydrogen products.
OCI will continue to manage the construction, commissioning, and startup of the facility through provisional acceptance and is targeting production of first ammonia from 2025 and lower carbon ammonia from 2026. The all-cash consideration of approximately USD 2,350 million is inclusive of capital expenditure through completion of the first phase, with USD 1,880 million paid and the remaining USD 470 million to be paid at Project Completion.
