{"id":91776,"date":"2024-05-08T00:00:00","date_gmt":"2024-05-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/mubadala-gip-invest-in-australian-urea-plant\/"},"modified":"2024-05-08T00:00:00","modified_gmt":"2024-05-08T00:00:00","slug":"mubadala-gip-invest-in-australian-urea-plant","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/05\/08\/mubadala-gip-invest-in-australian-urea-plant\/","title":{"rendered":"Mubadala + GIP invest in Australian urea plant"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Mubadala invests in Australian fertilizer plant currently under development: <\/strong>Abu Dhabi\u2019s Mubadala Investment Company is investing an undisclosed amount in Australian chemicals and fertilizer company <a target=\"_blank\" href=\"https:\/\/perdaman.com.au\/\" style=\"\" rel=\"noopener\">Perdaman\u2019s<\/a> AUD 6 bn (USD 4.2 bn) <a target=\"_blank\" href=\"https:\/\/perdaman.com.au\/2023\/04\/20\/perdaman-urea-project-closes-financing\/\" style=\"\" rel=\"noopener\">urea fertilizer project<\/a> in West Australia, which is currently under construction, according to a <a target=\"_blank\" href=\"https:\/\/www.mubadala.com\/en\/news\/mubadala-invests-in-perdamans-western-australia\" style=\"\" rel=\"noopener\">statement<\/a>. The investment was made alongside US-based infrastructure investment fund <a target=\"_blank\" href=\"https:\/\/www.global-infra.com\/\" style=\"\" rel=\"noopener\">Global Infrastructure Partners<\/a> (GIP), which was already an investor in the project.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A boon for food security: <\/strong>The project, which marks the largest investment ever made in the Australian fertilizer industry, will help increase the supply of high-quality fertilizers in response to growing demand, increase independence from imports, and bolster food security for over 90 mn people, the statement noted. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More on the plant: <\/strong>The company aims to produce <a target=\"_blank\" href=\"https:\/\/perdaman.com.au\/2023\/04\/20\/perdaman-urea-project-closes-financing\/\" style=\"\" rel=\"noopener\">2.3 mn tons<\/a> of urea annually at a site near Karratha in Australia\u2019s northwest, around half of which is destined for export to Asia, Brazil and the US. It will incorporate solar energy and green hydrogen to replace coal-based urea imports, as well as ensure optimized energy efficiency and low emissions. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background: <\/strong>GIP had committed to invest over AUD 2.1 bn (c. USD 1.4 bn) in the project through a strategic equity investment made <a target=\"_blank\" href=\"https:\/\/perdaman.com.au\/2023\/04\/20\/perdaman-urea-project-closes-financing\/\" style=\"\" rel=\"noopener\">last year<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The money represents the largest ever investment in the Australian fertilizer sector<\/p>\n","protected":false},"author":1,"featured_media":91777,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1557],"tags":[1343,636],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-91776","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-mubadala","tag-petrochemicals","wpautop","entry"],"acf":{"mongo_id":"ea95d0de-57d7-4dd4-aa18-8bcadb43e10d","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/432.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Mubadala + GIP invest in Australian urea plant","related_issue":[91770],"teaser":"The money represents the largest ever investment in the Australian fertilizer sector","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.cf32222c-6405-4ef5-83b2-b3bd8274ddbb.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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