There's a urea shortage, and there's one company we know that's planning to produce urea and reduce the reliance on the Chinese supply.
The link below shows just how reliant we are.
A certain company's Project Haber has completed the 7-month plant Pre-FEED study for the
development of Australia’s lowest carbon urea production facility.
As per the announcement on 20 September 2021, this company is currently in negotiations with its shortlisted offtake partners and expects to progress and formalise a binding term sheet for the entire production volume (1.4 mtpa) in the final quarter of 2021.
As if the positive drilling news wasn't enough, or the upcoming drilling of South Erregulla, there's the additional catalyst of binding offtake agreements for urea (which is in shortage in Australia) developed from that lowest carbon footprint.
Fat Tails please keep up that sell recommendation. It couldn't have been more wrong on Friday, and my prediction is that their sell recommendation will coincide with the lowest point we will see in STX's share price.
I'll be adding to my position on this company. It has advanced plans to disrupt the import of urea by bring green production to WA.... and there's gas.
I think this has the makings of a billion dollar company.
https://www.news.com.au/finance/bus...r/news-story/7808eb00f813945293cbab5539585ea4
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