Australia’s NeuRizer Ltd. reported that it has secured another A$1.5 million (approximately US$0.97 million at current exchange rates) in government funding and expects another research and development rebate for the fiscal year ending June 30, 2023, for certain activities under Stage 1 of its NeuRizer Urea Project located some 550 kilometers north of Adelaide.
The company was awarded a certification for its urea project last December that would make it eligible to receive R&D rebates under the tax incentive scheme of the Australian government, according to a May 25 ASX filing.
NeuRizer anticipates receiving either an A$30.7 million or A$34.3 million cash rebate in fiscal 2023.
The NeuRizer Urea Project (NRUP) is planned to have an initial capacity of 1 million mt/y of urea, utilizing in-situ gasification (ISG), with the potential to increase to 2 million mt/y (GM Aug. 5, 2022; July 8, 2022).