📣 Today we have entered into a binding equity purchase agreement for the sale of 100% of our 1.1 million metric ton per year Clean Ammonia project to Woodside Energy for USD 2.35 billion, following a competitive process. The transaction is expected to close later this year.
🏗 OCI will continue to be responsible for the construction, commissioning and successful startup of the plant and for delivering a fully staffed and operational facility by project completion.
🗺 OCI Clean Ammonia is the world’s first large-scale, low-carbon intensity hydrogen-based greenfield ammonia facility and is anticipated to meet blue ammonia specifications by any standard announced to date. It is the only blue ammonia facility under construction globally and is expected to produce first ammonia in 2025.
Read the full story on our website here: https://lnkd.in/dD9hsv-i