Strike Energy plans to build its $3 billion urea plant on newly acquired farming land in WA’s Mid-West as part of a low-carbon manufacturing precinct.
Strike Energy has bought 3500 hectares of farming land in Western Australia to develop a renewables and manufacturing hub that the Perth-based company believes can produce some of the lowest-carbon urea fertiliser in the world.
The $13.5 million land purchase will also save “hundreds of thousands of dollars in annual land access fees in the short term and millions over the life of the field” by having year-round access rather than post-harvest as is common with Perth Basin farms. “[This will produce] some of the lowest cost and lowest carbon fertiliser in the global market, which illustrates Strike’s commitment to net-zero by 2030,” Strike chief executive Stuart Nicholls added.The planned “Mid-West Low-Carbon Manufacturing Precinct” is slated to include more than 1500 hectares of carbon farming to generate carbon credits, and up to 170 megawatts of on-site renewable energy from wind and solar, with the company claiming it was the “ideal geographic setting”.
Ahead of Credit Suisse’s conference, the bank’s ESG analysts today told clients that only the “lowest cost, lowest carbon” gas production will compete in servicing “declining demand” after 2030 as renewables scale and dominate generation.
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