OCI Global, a major player in hydrogen products, has reached an agreement to sell its innovative Clean Ammonia project in Beaumont, Texas, to Woodside Energy for a substantial sum of $2.35 billion. The deal involves Woodside acquiring 100% of the equity interests in the project, which is set to become the world's first large-scale, low-carbon intensity hydrogen-based greenfield ammonia facility. The collaboration between OCI and Linde integrates advanced technology for low CI hydrogen production and carbon capture, positioning the project as a pioneer in sustainable ammonia production. The project's construction began in late 2021 and is expected to commence ammonia production in 2025 with a focus on capturing and sequestering significant amounts of CO2. This initiative, with its ambitious targets and innovative approach, is a significant step towards reducing carbon emissions in sectors that have traditionally been hard to decarbonize. OCI's leadership has expressed pride in the groundbreaking nature of the project and the positive impact it is expected to have on global carbon emissions. The handover to Woodside Energy upon completion signifies a major milestone in the energy transition landscape, offering new opportunities for reducing emissions in various industries. Overall, the sale of OCI's Clean Ammonia project to Woodside Energy represents a significant investment in green technology and a step forward in the global effort to transition towards more sustainable energy sources. The project's success will not only showcase the potential of low-carbon ammonia production but also pave the way for future collaborations and innovations in the clean energy sector.