Published by Todd Bush on August 27, 2026
Woodside Energy has launched a strategic review of Beaumont New Ammonia, its 1.1 million tonne per annum blue ammonia facility on the Texas Gulf Coast. The Australian producer announced the review on August 25, alongside a decision to retire a $5 billion new energy investment target set for 2030.
Woodside acquired the project from OCI Global in September 2024 for roughly $2.35 billion, when it was still known as OCI Clean Ammonia. The plant achieved first ammonia production in December 2025, and Woodside assumed operational control in March 2026 following performance testing and handover.
>> In Other News: Heidelberg's Edmonton CCS Stall: Canada's Carbon Price Gap
Liz Westcott, Woodside chief executive officer, told analysts the asset had moved into its operating phase, making this "the optimal time to review its place in our global portfolio."
Woodside says it will look at all options for the facility, with no pathway determined yet. The review sits inside a broader move to a single capital allocation framework, where new energy projects compete for funding against every other investment in the portfolio.
The company also retired its Scope 3 investment and emissions abatement targets, pointing to markets for lower-carbon products that have developed more slowly than expected. Westcott said those targets "were established in a different market context." Woodside kept its Scope 1 and 2 commitments and remains on track for its 2030 operational emissions reduction goal.
The carbon capture side of the project is unchanged. Linde is building a $1.8 billion complex next door that pairs auto thermal reforming with carbon capture, supplying hydrogen and nitrogen to Beaumont under an over-the-fence arrangement. ExxonMobil will transport and permanently store up to 2.2 million tonnes of carbon dioxide a year from that facility.
Woodside is targeting the start of lower-carbon ammonia production in 2027, once Linde's plant commissions and ExxonMobil's CCS infrastructure begins operating. The design targets 95% carbon dioxide capture, giving an expected lifecycle carbon intensity of 0.8 tonnes of CO2 per tonne of ammonia, compared with 2.3 tonnes for unabated product.
Third-party feedstock availability has constrained production at Beaumont, and Woodside expects those effects to continue through 2027. At full rates the plant can export up to 1.1 million tonnes a year, with the potential to roughly double US ammonia exports.
Texas remains the center of North American ammonia investment. Yara recently closed a $1.3 billion purchase of Gulf Coast Ammonia in Texas City, and CF Industries is advancing its Blue Point project across the state line in Louisiana. Ammonia's role as a hydrogen carrier for power generation, marine fuel, and industrial feedstock continues to draw buyers in Europe and Asia.
Woodside Energy is a global energy company founded in Australia and headquartered in Perth, with US operations based in Houston. Its portfolio spans LNG, oil, and lower-carbon products across Australia, the Americas, Africa, and Asia. Assets include Pluto LNG, the North West Shelf Project, Sangomar, Scarborough, Woodside Louisiana LNG, and Beaumont New Ammonia in Texas. The company holds 100% equity in Beaumont and operates the facility.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue ⛽ Gevo Sells $70M in 45Z Credits to a New Kind of Buyer 🌱 South Pole, Gaïago, and Gold Standard Issue European Soil Carbon Credits, Unlocking Verified Regenerative Agriculture Re...
Inside This Issue ✅ Verra's CCS Credits Just Got the Integrity Seal Buyers Want 💰 South Korea Unveils $747 Billion Energy Transition Plan Through 2035 💧 Hydrogen and Carbon Capture and Storage in ...
Inside This Issue 🌲 ARC Bio Tests a Refinery Shortcut to Forest-Based SAF 💧 Scientists Just Found a New Way to Make Hydrogen from Water 🤝 How Channel Partnerships Are Helping More Organizations Ta...
Mineral Europa: A Game Changer for Shipping
Antwerp, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Antwerp, 9 October 2026 – CMB.TECH NV (“CMB.TECH” or the “Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO) today announces th...
Download PDF (170.95 KB) Eni CCUS Holding, owned jointly by Eni and Global Infrastructure Partners ("GIP"), part of BlackRock, announces that Liverpool Bay CCS has completed the installation of th...
First-of-its-kind project in France and Belgium marks a major breakthrough for carbon credit buyers seeking high-integrity, high-impact regenerative agriculture removals in Europe; providing buyer...
Gevo and ClimeFi Complete Carbon Removal Transaction, Advancing Gevo's Growing Carbon Business
Transaction supports Gevo's path toward a carbon business exceeding $30 million in annual revenue from existing operations ENGLEWOOD, Colo., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Gevo, Inc. (NASDAQ: G...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.