Woodside Buys U.S. Clean Ammonia Project for $2.35 Billion

Two weeks after announcing a major push into the U.S. LNG business, Australian group Woodside Energy said on Monday it would acquire a clean ammonia project in Texas for $2.35 billion in cash as it seeks to grow its lower-carbon offering and cut emissions from its products. Woodside will buy the OCI clean ammonia project in Beaumont, Texas. The project is under construction and targets the production of first ammonia from 2025 and lower carbon ammonia from 2026, the Australian energy group said in a statement on Monday. First ammonia production,…