taking notes

Fortune 500 Houston energy cos. named, events not to miss, and more things to know this week

Fortune 500 companies named, a really big deal to know about, and more. Photo via Getty Images

Editor's note: Dive headfirst into the new week with three quick things to catch up on in Houston's energy transition.

Events not to miss

Put these Houston-area energy-related events on your calendar.

  • The 5th Texas Energy Forum 2024, organized by U.S. Energy Stream, will take place on August 21 and 22 at the Petroleum Club of Houston. Register now.
  • Hart Energy's New Energies Summit is taking place on August 27 to 28 at the Hilton Americas - Houston. Register now.
  • The inaugural Houston Energy and Climate Startup Week will take place September 9 to 13. Learn more.
  • The inaugural Houston Energy and Climate Week will take place September 9 to 13. Learn more.
  • Rice Alliance's Energy Tech Venture Forum is September 12. Register now.
  • Gastech will be hosted in Houston this year. The event is September 17 to 20 at the George R Brown Convention Center. Register now.

Companies to know: Houston energy companies score big on annual Fortune 500 ranking

Houston-based energy companies have again held a sizable presence on the Fortune 500 ranking. Photo via Getty Images

Fourteen businesses with global or regional headquarters in the Houston area appear on Fortune’s new list of the world’s 500 biggest companies.

Click here for the rundown of Fortune Global 500 companies with global or regional headquarters in the Houston area.

Big deal: Woodside to acquire clean ammonia project outside of Houston for $2.4B

OCI broke ground on the project in 2022. Photo via oci-global.com

Woodside Energy has announced its acquiring a Beaumont, Texas, clean ammonia project that's slated to deliver its first ammonia by 2025 and lower carbon ammonia by 2026.

The agreement is for Woodside to acquire 100 percent of OCI Clean Ammonia Holding and its lower carbon ammonia project in Beaumont in an all-cash deal of approximately $2.35 billion. According to Woodside CEO Meg O’Neill, the acquisition positions Woodside as an early mover in clean ammonia within the energy transition.

“This transaction positions Woodside in the growing lower carbon ammonia market," O’Neill says in a news release. "The potential applications for lower carbon ammonia are in power generation, marine fuels and as an industrial feedstock, as it displaces higher-emitting fuels." Read more.

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A View From HETI

Daikin Industries' new solar power plant at its Waller-area campus will power its central chiller plant and is designed to connect to the campus' electric grid. Photo courtesy Daikin.

Japanese HVAC company Daikin Industries has completed a nearly one-megawatt solar power plant at its Daikin Comfort Technologies North America campus southeast of Waller.

Daikin says the new plant at its 4.2 million-square-foot Daikin Texas Technology Park will eliminate an estimated 845 metric tons of carbon emissions each year. The park houses the largest HVAC factory in North America.

“Daikin’s unwavering commitment to innovation drives us to continually perfect the air we share. With the launch of this solar project, we’re one step closer to being a net-zero CO2 emission factory by 2030,” Nathan Walker, senior vice president of environmental business development of locally based Daikin Comfort Technologies North America, said in a release. “This installation is a significant step in reducing our carbon footprint and underscores our commitment to energy efficiency, sustainability, and environmental stewardship.”

Solar power from the new facility will power the Daikin campus’ central chiller plant, which circulates about 125,000 gallons of chilled water annually and 75,000 gallons of hot water in the winter. Also, the solar setup is designed to connect to the electric grid that serves the campus. About 10,000 people work at the campus.

Daikin, a Fortune 1000 company, may not have been a familiar name to some Houstonians until January, when it took over the naming rights for the Houston Astros’ stadium. The naming rights agreement for Daikin Park, formerly Minute Maid Park, expires during the Astros’ 2039 season. The stadium had been named Minute Maid Park since 2002.

“The Astros are the pride of Houston, an organization that has built resiliency in hard times, and have succeeded to be a winning team. The coming together of both our organizations is a symbol of our love for our hometown and the communities of the Greater Houston area,” Takayuki “Taka” Inoue, executive vice president and chief sales and marketing officer at Daikin Comfort Technologies North America, said in November.

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