From TokenPost · · 40s
Woodside Begins Cutting Texas Ammonia Investment
Woodside Energy Group starts reducing stake in Texas ammonia project after strategic review.
In brief
Woodside Energy Group starts reducing stake in Texas ammonia project after strategic review. Woodside Energy Group will reduce investment in its Texas ammonia plant due to slower low-carbon market development. Originally reported by TokenPost.
Woodside Energy Group
Woodside Energy Group Ltd. will begin a formal process to reduce its investment in the Beaumont New Ammonia project in Texas after a strategic review.
Ammonia Production Decline
The plant produced an average of 0.8 kilotonnes of ammonia per day in Q3, down 56% from 1.8 kilotonnes per day in Q2.
Investment Reduction Impact
Woodside cut its 2026 Beaumont volume forecast to 1.5 million, 2.5 million barrels of oil equivalent from 2 million, 3 million.
The takeaway
Woodside Energy Group will reduce investment in its Texas ammonia plant due to slower low-carbon market development.
