OCI Global provided an update on its Clean Ammonia project in Beaumont, Texas, confirming that the project is on track for completion in the second half of the year. The company presented this information during its annual results presentation. Additionally, Woodside Energy, a prominent Australian oil and gas company, reported that the construction of a large blue ammonia plant in Beaumont, Texas, is 83% complete. This news aligns with the growth and development in the ammonia market. While Fitch downgraded OCI N.V.'s long-term issuer default rating and senior unsecured rating, indicating some challenges, the progress of the Clean Ammonia project remains positive. There were also hints from OCI Global executives about the potential divestment of its European Nitrogen assets. Notably, OCI Global's Clean Ammonia plant in Beaumont, Texas will require an extra $700 million in capital expenditures, showcasing the substantial investment being made in the project to ensure its successful completion.