Mubadala Investment Company, in collaboration with Global Infrastructure Partners, has announced its investment in Perdaman’s $4.2 billion Western Australia Urea project. This project stands as the largest of its kind in Australia and ranks among the world’s largest urea fertilizer facilities.
The state-of-the-art facility is expected to produce over two million tons of urea annually, addressing the increasing demand for high-quality fertilizers. As a result, Australia’s reliance on fertilizer imports will decrease, supporting the country’s goal of achieving food security for up to 90 million people.
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Saed Arar, Executive Director of Traditional Infrastructure at Mubadala, on our partnership with Global Infrastructure Partners to invest in Perdaman’s world-class urea project in Australia. pic.twitter.com/sXgpUVJPQ7
— Mubadala (@Mubadala) May 7, 2024
The plant will incorporate the latest technologies to ensure optimized energy efficiency and minimize emissions. It goes beyond displacing the importation of coal-based urea by adopting clean technologies such as solar energy and green hydrogen. These initiatives will help reduce industrial emissions and significantly lower the carbon footprint associated with fertilizer production.
Perdaman, a prominent global chemicals and fertilizer company, has made a commitment to achieving net-zero emissions for the plant by 2050. The collaboration between Mubadala Investment Company, Global Infrastructure Partners, and Perdaman underscores their dedication to sustainable and environmentally responsible practices in the fertilizer industry.
According to Saed Arar, executive director of Traditional Infrastructure at Mubadala, this investment is in line with Mubadala’s responsible investing mandate, as it not only supports the aspirations for national and regional food security but also contributes to the reduction of the carbon footprint associated with urea production.
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