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A 1.1 million ton per annum blue ammonia project in Beaumont, Texas, based on KBR technology.
The project achieved FID in Q1 2022, and it targets production for Q1 2025.
The project has been awarded to Maire Tecnimont on an Engineering & Procurement basis.
Capital expenditure is expected to be within OCI’s guidance of up to $450m growth capex.
Utilities and available land have been sized to allow for doubling of the capacity by adding an additional 1.1 million ton per annum blue ammonia line in the future.
At the facility OCI will buy clean hydrogen and nitrogen over the fence from Linde, and Linde, in turn, will capture and sequester CO2 via an agreement with ExxonMobil.
As of March 2024, OCI Global started working with Morgan Stanley to explore a sale of the project. In August, it reached an agreement for the sale of 100% of its equity interests to Woodside Energy Group Ltd for a total consideration of USD 2.35 billion on a cash-free and debt-free basis. Under the proposed transaction, Woodside will acquire 100% of the equity interests in OCI Clean Ammonia. OCI will continue to manage the construction, commissioning and startup of the facility and will continue to direct the contractors until the project is fully staffed and operational, at which point it will handover to Woodside. The transaction is expected to close in H2 2024.