The project represents Mubadala’s largest investment in the Australian fertilizer industry, as it is expected to produce more than two million tons of urea fertilizer annually.
I entered a company Mubadala Investment “Mubadala”, headquartered in Abu Dhabi, in an investment alongside the “Global Infrastructure Partners” fund in Urea fertilizer production plant It is affiliated with the Australian company Perdaman, and is valued at 6.4 billion Australian dollars (4.2 billion US dollars). It is the largest factory of its kind in Australia and one of the largest urea factories in the world.
The project represents the largest investment ever in the Australian fertilizer industry, as it is expected to produce more than two million tons of urea fertilizer annually.
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The factory will contribute to meeting the growing demand for high-quality fertilizers, reducing Australia’s dependence on imports and supporting its efforts to ensure food security. The factory benefits from the latest technologies that ensure improved energy efficiency and reduced emissions.
The factory will use clean technologies such as solar energy and green hydrogen to reduce industrial emissions and reduce the carbon footprint of fertilizer production, and thus Australia will dispense with importing coal-based urea. Perdaman, one of the world’s leading chemicals and fertilizer companies, announced its commitment to reaching the goal of net zero emissions by 2050.
Saed Arar, Executive Director of Mubadala’s Conventional Infrastructure Unit, said that the investment “will contribute to enriching and diversifying our growing business portfolio.” This project is consistent with the responsible investment approach that we follow at Mubadala, as it contributes to achieving food security at the national and regional levels, while at the same time reducing the carbon footprint of urea production.”
