– Abu Dhabi’s sovereign investor Mubadala partners with Global Infrastructure Partners to invest in Australia’s largest urea plant, the $6.4 billion Perdaman Western Australia urea project.
– The project, one of the world’s largest urea fertilizer facilities, aims to produce over 2 million tons of urea annually, addressing rising demand and reducing Australia’s reliance on imports.
– Perth-based Perdaman Chemicals and Fertilisers commits to incorporating advanced technology for emissions reduction, utilizing solar energy, and adopting green hydrogen to achieve net-zero emissions by 2050.
Abu Dhabi’s sovereign investor Mubadala has entered a partnership with New York-based Global Infrastructure Partners to invest in Australia’s largest urea plant, the $6.4 billion Perdaman Western Australia urea project.
This project stands as one of the world’s largest urea fertilizer facilities and represents a significant investment in Australia’s fertilizer industry.
Expected to produce over 2 million tons of urea annually, the facility aims to meet increasing demand and reduce Australia’s dependence on imports.
Perdaman Chemicals and Fertilisers (Perdaman), based in Perth, will integrate cutting-edge technology to minimize emissions, incorporate solar energy, and utilize green hydrogen, with a commitment to achieving net-zero emissions by 2050.
In a related development, Abu Dhabi’s sovereign investor ADQ recently announced the acquisition of a 49% stake in Australia’s infrastructure developer Plenary Group.
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