News: WDS Woodside To Acquire OCI's Clean Ammonia Project, page-13

Page 1 of 6Woodside Energy Group LtdACN 004 898 962Mia Yellagonga11 Mount StreetPerth WA 6000AustraliaT +61 8 9348 4000www.woodside.comASX: WDSNYSE: WDSLSE: WDSAnnouncementMonday, 5 August 2024WOODSIDE TO ACQUIRE OCI’S CLEAN AMMONIA PROJECT▪ World’s first ammonia plant paired with auto thermal reforming with 95%+ CO2 capture▪ Provides early-mover advantage in growing lower carbon ammonia market1▪ Exceeds capital allocation target of 10% internal rate of return2▪ Free cash flow accretive from 2026 and earnings per share accretive from 2027▪ Capacity to abate 3.2 Mtpa CO2-e at full development; over 60% of Woodside’s Scope 3abatement target3Woodside has entered into a binding agreement to acquire 100% of OCI Clean Ammonia HoldingB.V., and its lower carbon ammonia project in Beaumont, Texas (Project) for an all-cash considerationof approximately $2,350 million. The Project is under construction and targets production of firstammonia from 2025 and lower carbon ammonia from 2026. The consideration is inclusive of capitalexpenditure through completion of the first phase (Phase 1).Woodside CEO Meg O’Neill said the acquisition supports Woodside’s strategy to thrive through theenergy transition.“This transaction positions Woodside in the growing lower carbon ammonia market. The potentialapplications for lower carbon ammonia are in power generation, marine fuels and as an industrialfeedstock, as it displaces higher-emitting fuels.“Global ammonia demand is forecast to double by 2050, with lower carbon ammonia making upnearly two-thirds of total demand

You mean like 'green steal', you mean like 'grean iron ore'.

Good old Fortesque tried some of this.

How about we just get back to producing 'best at lowest cost'. The Indonesians figured this out quick smart.

Less woke stuff, more stuff at market leading prices.

Sure it will help reach 'targets', and its only 3% of market cap, so its not a needle mover, still, I very much doubt those assumed returns will eventuate.

The world is changing, too much woke, too much cost. Not enough government budgets to sustain it.

Patience... patience...