Woodside Energy Group has announced the acquisition of 100 percent equity interest in the OCI Clean Ammonia project, a groundbreaking initiative currently under construction in Beaumont, Texas. The transaction, valued at $2.35 billion, involves Woodside paying 80 percent of the purchase price upon closing, with the remaining balance to be settled upon the project's completion. The facility, expected to start producing ammonia in 2025, is positioned as the world's first large-scale, low-carbon intensity hydrogen-based greenfield ammonia plant. The project is a result of a collaboration between OCI and Linde, incorporating Linde's low-carbon intensity hydrogen production and carbon capture technology. It is designed to capture and sequester 1.7 million metric tons of CO2 annually, a significant step towards reducing carbon emissions. The facility's capacity is projected to double, with the necessary infrastructure already in place. Executives from both OCI and Woodside have expressed confidence in the project's potential to contribute to the global energy transition by providing low-carbon ammonia for various industries. OCI's Executive Chairman highlighted the importance of this investment in reducing emissions in hard-to-abate sectors, emphasizing its role in existing markets like fertilizer and industrial sectors, as well as new applications in power and shipping. Woodside's CEO also acknowledged the significance of the project and the value it will bring under their stewardship. Both companies are looking forward to working together to ensure the successful completion and operation of the facility, further solidifying their commitment to sustainability and the reduction of carbon emissions. This acquisition marks a significant milestone in the clean energy sector, showcasing the potential for hydrogen-based technologies to play a pivotal role in the global energy transition. The collaboration between OCI, Linde, and now Woodside represents a strategic effort to drive innovation and sustainability within the energy industry.