''At present Incitec Pivot's Gibson Island plant in Brisbane is Australia's major urea fertiliser producer, but imports service most of the farm sector's needs.
Australia and New Zealand combined import about 1.5m tonnes a year, of which 60 per cent is from Saudi Arabia, Qatar and Oman and 25pc from Malaysia, China and some other Asian players.
Leigh Creek Energy managing director Phil Staveley is confident his company's on-site gas supply will enable a modern fertiliser plant to make urea for just $35/t.
That unusually cheap cost price compared with Incitec Pivot - which uses expensive energy piped from traditional gas fields or less consistent southern Queensland coal seam gas reserves - producing urea just below import parity prices, or about $320/t''.
https://www.northqueenslandregister.com.au/story/6987456/cheap-urea-options-promised-as-new-age-sa-gas-player-moves-to-fert/?cs=4736
It will be interesting to see IPL's upcoming results. Volumes will be up, but are they even making money at these levels?
When do the resignations begin ?, page-72
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Last
$3.06 |
Change
0.020(0.66%) |
Mkt cap ! $5.856B | |||
| Open | High | Low | Value | Volume |
| $3.08 | $3.08 | $3.05 | $10.82M | 3.535M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 159775 | $3.05 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.07 | 128978 | 5 |
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| IPL (ASX) Chart |