Woodside has completed the acquisition of 100% of OCI Clean Ammonia Holding which holds its lower carbon ammonia project in Texas, USA, from OCI. The completion follows Woodside’s announcement that it had entered into an agreement to acquire OCI’s 1.1 mtpa Clean Ammonia Project.
CEO of Woodside, Meg O’Neill, says: ‘As a global energy provider, Woodside is focused on lower carbon ammonia and its increasingly important role in the world’s energy mix. The potential applications are in power generation, marine fuels and as an industrial feedstock, as it displaces higher emitting fuels. Global ammonia demand is forecast to double by 2050 with lower carbon ammonia making up nearly two-thirds of total demand. Evolving decarbonisation policies have potential to attract a premium price for lower carbon ammonia.’
The project remains under construction and is targeting production of first ammonia from 2025 and lower carbon ammonia from 2026.
