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Company News
Rocketing fertiliser prices forecast to continue amid war and surging cost of fuel
As the Russian and Ukraine war continues to play out, almost every sector is feeling the ripple effect, with energy prices among the first to surge, but fertiliser products and their raw ingredients aren’t far behind – attracting substantially higher prices. Russia and Belarus contribute 40% of traded volumes annually in the potash market, a […]
Leigh Creek Energy appoints PwC to manage debt funding for namesake urea project
Emerging producer Leigh Creek Energy (ASX: LCK) has appointed PriceWaterhouseCoopers (PwC) to the role of strategic debt advisor for the development of its carbon neutral urea manufacturing facility in South Australia. PwC will provide advice on securing funding for the project, from the selection of an appropriate investment bank through to final settlement. Leigh Creek […]
Leigh Creek Energy receives certification as a carbon neutral company
Emerging urea producer Leigh Creek Energy (ASX: LCK) has been awarded certification from the Australian government’s Climate Active initiative for the carbon neutral status of its business operations. Climate Active certification is considered to be one of the most rigorous and credible carbon neutral certifications available. The company announced its carbon neutral achievement in February, […]
Leigh Creek Energy raises cash for urea project in lead up to final investment decision
Emerging urea producer Leigh Creek Energy (ASX: LCK) has raised close to $3 million to progress development of its $2.6 billion South Australian urea project as it heads towards a final investment decision later this year. The company on Friday announced it had closed a share purchase plan with valid applications from eligible shareholders totalling […]
Stage one commercialisation of Leigh Creek Energy’s urea project underway with power generator testing
Stage one commercialisation of Leigh Creek Energy’s (ASX: LCK) namesake urea project in South Australia is underway, with factory acceptance testing starting on the Siemens power generators. The company has acquired four new Siemens’ syngas-fired engines from Drivetrain Australia, which will have a combined 4.76MW capacity. Leigh Creek selected the generators based on their ability […]
Leigh Creek achieves carbon neutral status for large-scale Australian urea project
Leigh Creek Energy (ASX: LCK) has achieved carbon neutral status for its Leigh Creek urea project in South Australia – making it the world’s first large-scale fertiliser project to achieve this title. The company previously announced a target of becoming carbon neutral by 2030. Commenting on the achievement, Leigh Creek managing director Phil Staveley said […]
Leigh Creek Energy lodges patent with Australian Government for syngas technology
Emerging urea producer Leigh Creek Energy (ASX: LCK) has lodged a patent application with the Australian Government for its syngas technology. Leigh Creek plans to generate an Australian source of urea from its namesake project in South Australia, with the operation to be based on “innovative technology” from insitu gasification (ISG) production, ammonia and urea […]
Leigh Creek Energy forges ahead with development of $2.6b urea project
Aspiring urea supplier Leigh Creek Energy (ASX: LCK) has reported strong progress towards the development of its $2.6 billion namesake project north of Adelaide in South Australia. In its quarterly report released today, the company confirmed South Korean engineering, procurement, construction and commissioning (EPCC) contractor Daelim has continued to advance a program of works associated with the […]
Leigh Creek Energy aims to be lowest-cost sovereign producer of critical ingredient urea
For weeks, news stories have appeared reporting about a problem which most Australians — and probably many investors — know little about: urea supply, and one small cap Leigh Creek Energy (ASX: LCK) may have the answer. At one stage, it looked like a urea shortage was about to derail Australia’s supply chains – all […]
Hydrogen: an expensive bomb or a multi-billion dollar opportunity?
Australia’s chief scientist Alan Finkel describes hydrogen as “Australia’s next multi-billion dollar export opportunity’’ – and judging from two recent equity raisings, investors are willing to back the future of the earth’s most abundant element as a clean energy source. Creating clean-burning energy from water and oxygen sounds like fairyland stuff that would put a […]
