Strike Energy plan fertiliser plant capable of supplying bulk of Australia s urea needs
TueTuesday 12
JanJanuary 2021 at 5:56am
Strike Energy plans to use gas from its Perth basin project and convert it into fertiliser for the agricultural market.
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Plans for a $2.3 billion fertiliser project capable of manufacturing three-quarters of Australia s current urea demand have been unveiled.
Key points:
Strike Energy plans a $2.3 billion fertiliser project in WA to supply urea to distributors for farming
The plant could produce three-quarters of the nation s current urea needs each year
The 30-year project could provide 1,000 jobs in construction and hundreds during operation
Strike Studies West Oz Urea Production
Jan 11, 2021 8:30:am
Summary The facility will process gas from Strike’s Greater Erregulla development in Western Australia’s Perth basin.
by: Shardul Sharma
Sydney-listed Strike Energy has completed a one-year feasibility study with engineering firm TechnipFMC on Project Haber, a plan to build a 1.4mn metric to.
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Strike Energy unveils $2.3b WA fertilisers project
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Well-connected oil and gas junior Strike Energy has unveiled ambitious plans for a $2.3 billion fertilisers venture in Western Australia that will take advantage of the wealth of low-cost gas it has found in the Perth Basin and fits neatly with governments strategy for a gas-fired economic recovery.
Strike has already started discussions with potential customers and funding partners for Project Haber, a urea project to be based at Geraldton on the WA mid-west coast that analysts expect to attract interest from Wesfarmers, which currently imports the product.
It will also see Strike, which is chaired by prominent WA businessman John Poynton, engage more fully with the transition to cleaner energy by including an avenue towards the production of green hydrogen. Hydrogen is a key ingredient in the production of ammonia, needed to make urea fertiliser.
The Australian sharemarket has fallen heavily as bond yields rise; Biden says stimulus package price will be 'high'; QBE says 'confident' of margin expansion; Retail sales rise 7.1pc in November; China CPI was 0.2 per cent in December.