Woodside Energy considers everything to be on the table in a review of its Beaumont New Ammonia facility in Texas, raising the prospect that it could seek a buyer for a project that it agreed to acquire for US$2.35 billion only two years ago.
Chief Executive Liz Westcott said the review reflected a shift in international policy positions since it agreed to the acquisition in August 2024 and slack demand for lower carbon ammonia, which has potential uses in power generation and as a marine fuel.
“When we took an investment decision, it was a different world,” Westcott said in an interview following the Australian company’s earnings for the six months through June.
Read more in the Wall Street Journal here.
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