Australia’s Incitec Pivot Ltd. says its wholly-owned subsidiary, Incitec Fertilizers, has entered into a 20-year off-take agreement with junior producer Perdaman Chemicals and Fertilisers with a commitment to take up to 2.3 million mt/y of granular urea from Perdaman’s proposed urea plant at Karratha in Western Australia, according to Bloomberg. The deal is subject to certain conditions precedent, with a primary one relating to Perdaman’s obtaining financing for construction of the new plant which in turn depends on Perdaman finalizing gas supply arrangements and obtaining various environmental and other regulatory approvals for the plant. Completion of the plant is tentatively anticipated by the end of 2025.
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