Beaumont New Ammonia

Under ownership of Woodside, the Beaumont New Ammonia Project will shift to the production of a new, lower-carbon ammonia product following ExxonMobil’s carbon, capture and storage (CCS) facility becoming operational.

The transaction will generate returns exceeding Woodside’s capital allocation framework targets, with Phase 1 of the Project expected to be free cash flow accretive from 2026.

The project also represents a material step towards delivering Woodside’s Scope 3 investment and abatement targets.^3,4

The potential applications for ammonia include power generation, marine fuels, and as an industrial feedstock, as it displaces higher-emitting fuels.

^{3 Scope 3 emissions abatement capacity of 1.6 Mtpa CO₂-e assumes supply of carbon abated hydrogen and CCS operational for phase 1 of the Beaumont New Ammonia Project. Woodside has made the assumption to estimate the avoided emissions through the displacement of conventional marine fuel. Actual displaced emissions may differ based on actual use case.}

^{4 Scope 3 targets are subject to commercial arrangements, commercial feasibility, regulatory and Joint Venture approvals, and third-party activities (which may or may not proceed). Individual investment decisions are subject to Woodside’s investment targets. Not guidance. Potentially includes both organic and inorganic investment.}