Woodside to buy OCI Global’s ‘blue’ ammonia project for $2.3bn

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Financial Times 11h ago

Quick Summary:

Woodside to buy OCI Global’s ‘blue’ ammonia project for $2.

The Egyptian businessman told the Financial Times in a rare interview earlier this year that OCI could be turned into a cash-shell company that pursues acquisitions in new industries.

Woodside is acquiring all of the equity in the project, in a deal expected to close in the second half of this year.