Noosa News
Western Australia’s $4b fertiliser plant gets financial backing, but analyst sceptical it will start
The company behind an ambitious plan for a $4 billion fertiliser and petrochemical plant in Western Australia’s far north says it has secured finance, but an analyst is sceptical it will be able to procure the gas to operate the project.
Key points:
- DFPC managing director Alfred Benedict says the company has secured finance for the $4.1b project through a Dubai-based backer and overseas banks
- The Shire of Derby West-Kimberley President Geoff Haerewa says the project is a “game changer” for the region
- Resource analyst Tim Treadgold says the project depends on extracting gas from the Great Sandy Desert, which has not yet been achieved
Little-known West Australian company, Derby Fertilisers and Petrochemical Complex (DFPC), plans to develop the…
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