OCI Hands Over Beaumont New Ammonia to Woodside
- Beaumont New Ammonia (BNA) completed performance testing and was formally handed over to Woodside, including transfer of the operations team.
- OCI received USD 470 million deferred consideration (20% of proceeds), with expected net proceeds of USD 242 million in 2026 after deductions; the project’s cost-to-complete was USD 1.8 billion and OCI recorded a USD 228 million 2025 year-end liability (undiscounted).
- BNA is a world-scale greenfield ammonia facility delivered after more than 6 million man-hours, and OCI is no longer responsible for on-site construction or manufacturing, remaining only obligated to close out invoices and resolve disputes per contract.
Handover and operations
Beaumont New Ammonia completed performance testing and was formally handed over to Woodside, including transfer of the operations team; Woodside is now the operator and OCI is no longer responsible for on-site construction or manufacturing, with remaining obligations limited to closing out invoices and resolving disputes per the contract.
Financial terms
OCI received USD 470 million of deferred consideration (20% of total proceeds), subject to deductions for outstanding construction obligations, closing-related adjustments and estimated close-out costs; these items were included in the previously disclosed USD 1.8 billion cost-to-complete and were reflected as a USD 228 million 2025 year-end liability (undiscounted), implying expected net proceeds of USD 242 million in 2026.
Project scale and execution
BNA is a world-scale greenfield ammonia facility in the United States delivered after more than 6 million man-hours and completed despite U.S. construction challenges including inflationary cost pressures and constrained supply chains.
Source: OCI