OCI Global, a hydrogen products producer and distributor, has announced the sale of its Clean Ammonia project in Beaumont, Texas, to Woodside Energy Group for $2.35 billion. The deal involves Woodside paying 80% of the purchase price initially, with the remaining amount to be settled upon project completion, expected in the second half. OCI's Clean Ammonia project is positioned as the first large-scale, low-carbon intensity hydrogen-based greenfield ammonia facility globally. The facility is slated to commence ammonia production in 2025 and aims to be the sole blue ammonia facility under construction worldwide, with a capacity to generate 1.1 million metric tons of blue ammonia annually in its initial phase. OCI will retain responsibility for overseeing the construction, commissioning, and startup of the facility until it is fully operational, after which the management will transition to Woodside. This acquisition highlights a significant step in the energy industry towards green technology and underscores a positive sentiment towards hydrogen-based projects.