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Woodside Energy Group (WDS) Assumes Operational Control of Texas Ammonia Facility

Woodside Energy Group Ltd (NYSE:WDS) is included among the 15 Best High Yield Energy Stocks to Buy Right Now.

Founded in Australia, Woodside Energy Group Ltd (NYSE:WDS) engages in the exploration, evaluation, development, production, marketing, and sale of hydrocarbons in the Asia Pacific, Africa, the Americas, and Europe.

Woodside Energy Group Ltd (NYSE:WDS) revealed on March 26 that it had assumed operational control of the Beaumont New Ammonia (BNA) facility in southeast Texas after the completion of ​performance testing and handover from OCI ​Global. The facility, which has the capacity to produce and export up to 1.1 million tonnes per annum (mtpa) of ammonia, adds diversity to the company’s portfolio.

While the plant will start producing ammonia in December, the production of ​lower-carbon ammonia has been delayed till after 2026, due to construction issues at the third-party feedstock supply facility. The company had earlier planned to start producing low-carbon ammonia in the US in the second half of this year.

Woodside Energy Group Ltd (NYSE:WDS) acquired the BNA facility back in 2024, as part of its push to expand into the broader ammonia market.

Liz Westcott, CEO of Woodside Energy Group Ltd (NYSE:WDS), commented:

“Successful completion of performance testing and assumption of operational control of the Beaumont New Ammonia facility is an important milestone in Woodside’s strategy to invest in new energy products and lower-carbon services. In the facility’s operational phase and in the face of current market disruptions, we remain focused on safely delivering ammonia supply to our customers. In the longer term, we retain our goal of supporting the development of a competitive lower-carbon ammonia sector.”

While we acknowledge the risk and potential of WDS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than WDS and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 14 Best Energy Stocks to Buy According to Wall Street Analysts and 8 Best Oil and Gas Penny Stocks to Buy Now

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