Woodside Energy has completed the strategic review of its Beaumont New Ammonia facility and will initiate a formal process to reduce its investment, the company said during its Q3 2026 earnings report published October 21. The company announced plans for the review during its H1 2026 earnings presentation in August.
The site (see map below) was available and operating at nameplate capacity 69% of the time during Q3 due to issues with third-party feedstock availability and a 30-day shutdown due to what it described as a “Tier 1 process safety event” that involved no injuries or equipment damage. The site operated normally 92.2% of the time during Q2, following Woodside’s assumption of operational control from OCI Global at the end of Q1, the company said during its quarterly earnings call in July.
Woodside acquired the project from OCI Global in August 2024 for $2.35 billion, citing expectations that global ammonia demand would double by 2050, with lower-carbon ammonia making up about two-thirds of total demand.
The site is only producing conventional (gray) ammonia currently. The start of lower-carbon ammonia production remains targeted for 2027, subject to the commissioning of Linde’s low-carbon hydrogen facilities and startup of ExxonMobil’s carbon capture and sequestration (CCS) infrastructure. During the quarter, the Texas Railroad Commission voted to approve the permit for ExxonMobil’s Rose CCS project, moving it into the final stages of a multi-year regulatory process.
Woodside also said its Louisiana LNG project remains on budget, with first LNG expected in 2029. The site is 32% complete and Train 1 is 41% complete, the company said.
