Woodside Energy Group Ltd to Acquire OCI Global's Clean Ammonia Project in Beaumont, Texas
Acquiring Company
Woodside Energy Group Ltd
Acquired Company
OCI Global
Perth
AmsterdamManufacturingEnergyOil And GasRenewable EnergyManufacturingDescription
OCI Global has reached an agreement to sell 100% of its equity interests in its Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for USD 2.35 billion. The Clean Ammonia project is a pioneering investment that will contribute to reducing carbon emissions in hard-to-abate sectors. Woodside Energy Group Ltd, as the future owner and operator of OCI Clean Ammonia, is expected to add significant value to the project and play a crucial role in the global energy transition.
Quick answer
Woodside Energy Group Ltd is acquiring OCI Global, announced August 5, 2024. Woodside Energy Group Ltd is based in Perth, Western Australia, Australia.
- How much did Woodside Energy Group Ltd pay for OCI Global?
- The deal value was not disclosed.
- What does Woodside Energy Group Ltd do?
- Woodside led the development of the LNG industry in Australia.
- Where are Woodside Energy Group Ltd and OCI Global based?
- Woodside Energy Group Ltd is based in Perth, Western Australia, Australia. OCI Global is based in Amsterdam, North Holland, Netherlands.
- Who are the decision-makers at Woodside Energy Group Ltd?
- Fundz holds 1 contact at Woodside Energy Group Ltd. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired OCI Global?
OCI Global was acquired by Woodside Energy Group Ltd, based in Perth. The deal was reported on August 5, 2024. Woodside led the development of the LNG industry in Australia. With a focused portfolio, Woodside is recognised for its world-class capabilities as an integrated upstream supplier of energy. Woodside Energy Group Ltd is publicly traded (WDS) and operates in Manufacturing.
When did Woodside Energy Group Ltd acquire OCI Global?
Woodside Energy Group Ltd's acquisition of OCI Global was reported on August 5, 2024. OCI Global has reached an agreement to sell 100% of its equity interests in its Clean Ammonia project under construction in Beaumont, Texas to Woodside Energy Group Ltd for USD 2.35 billion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does OCI Global do?
We are a global leader in nitrogen, methanol and hydrogen, driving forward the decarbonization of the energy-intensive industries that shape, feed and fuel the world. It is privately held, operating in Manufacturing, and is based in Amsterdam.
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