Business
Western Australia’s $4b fertiliser plant gets financial backing, but analyst sceptical it will start – ABC News
A plan for a $4b ammonia, methanol, urea and complex fertiliser plant and power station secures in-principle backing, but an analyst is sceptical the company will…
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…
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