Professional M&A intelligence for the energy transition
Woodside acquired OCI's 1.1 Mtpa Clean Ammonia project under construction in Beaumont, Texas for $2.35B. The world's first large-scale low-carbon ammonia facility, targeting production from 2025 and lower carbon ammonia from 2026 using CCS technology.
SK Group, through SK E&S and SK Inc., made a $1.6 billion equity investment in Plug Power for a 9.9% stake plus a strategic partnership covering deployment of Plug's PEM electrolyzers and fuel cell technology across South Korea and Asia.
Plug Power acquired Joule Processing, a Texas-based engineering and process design firm, for approximately $160 million in cash and stock.
Linde (NYSE:LIN; FWB:LIN) acquired the remaining interests in nexAir LLC, one of the largest independent packaged gas distributors in the U.S. with 2022 sales of approximately $400 million.