Originally posted by AllFuelledUp:
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Yes. Slide 4 saysmore profitable than just dumping gas into the network it must be extremely profitable for themif they can even find any gas after 2019 that is. LCK can manufacture and sell it cheaper than IP and squeeze them out of the market and still be immensely profitable. then converting that into Syngas. My understanding is that our Gas is Synthgas/ Syngas- out of the ground. There is simply no way LCK fertiliser will not be able to be a massive profit creater at current market prices. And if 90% of fertiliser is imported into Australia the market is as big as they want to sell into.
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Hi AFU
I was trolling a little this morning, i believe 1 tonne of Urea requires about 38 GJ of gas, but a little difficult to find crediblie info
Whatever your back of the envelope calcs, i would imagine they dont include as much dilution or debt to fund the build of a urea plant v gas pipeline and power station
(20min delay)