News: LCK Leigh Creek Energy Says To Raise Up To A$20 Mln Via Placement, page-62

In the move to carbon Neutral economy producing Urea from piped in natural gas will be only a stop-gap measure. It was only a matter of time before the govt subsidised IPL to protect local supply and that's a huge positive for LCK IMO, as it keeps the Aussie urea market stable.

In the future CCS will be must for producing Hydrogen from fossil fuels, whether it be from Coal, or NG. Piped in NG doesn't really facilitate CCS -the Urea plant needs to at the NG source for it to be economic.

The only other Carbon neutral way to produce Hydrogen is via electrolysis, which at this stage is a long way off in scale, and any urea producer sourcing this hydrogen may find themselves in a competitive market IMO as the move to a hydrogen economy intensifies.

Hence LCK finds itself in a unique position. Hydrogen production via coal utilising CCS is still the cheapest available. Further, this method of hydrogen production is gaining recognition globally as a sustainable source of hydrogen as the CCS technology evolves.

Happy to be corrected - Im not a scientist, but this how my research reads.