Woodside takes control of new Texas facility following OCI Global acquisition
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The news: Woodside Energy has assumed operational control of the Beaumont New Ammonia (BNA) facility in Texas, following the acquisition of OCI Global.
The context: This follows Woodside’s 100% acquisition of OCI Clean Ammonia Holding in September 2024, valued at USD2.35 billion ($3.39 billion), with the ammonia production at BNA commencing in December 2025.
Woodside stated that the BNA facility has the capacity to produce and export up to 1.1 million tonnes per annum of ammonia, effectively doubling US ammonia exports and contributing to regional economic growth.
The company said that unlocking operational control of BNA will significantly advance its global ammonia market position.
What they said: “In the facility’s operational phase and in the face of current market disruptions, we remain focused on safely delivering ammonia supply to our customers. In the longer term, we retain our goal of supporting the development of a competitive lower-carbon ammonia sector,” Woodside CEO Lizz Westcott said.
The source: ASX
