S. Korean, Australian companies cooperate on building urea plant
Updated: 2021-11-24 17:08:05 KST
An Australian energy company is cooperating with a South Korean company to build a urea production facility in South Australia.
In the long run, will this contribute to stabilizing the global urea supply while serving up a win-win scenario for the two companies?
To talk about this more, we have in the studio Chairman Justyn Peters of Leigh Creek Energy Limited from Australia.
Welcome to the program.
Mr. Peters, please do tell our viewers more about your company.
Your company recently chose to work with a Korean company, DL E&C, previously known as 'Daelim' to build a urea production plant in Australia.
Why did you choose this company to partner with and what's special about the Leigh Creek urea project?
How will the urea project affect the dynamics of the industry with regard to urea supply and price around the world?
South Korea has recently had some problems with urea shortages due to pre-export inspection imposed on supplies by China which has slowed the shipping process.
What will this project do in terms of job creation both in Korea and Australia?
What are your company's future plans?
Alright. Mr. Peters from Leigh Creek Energy Limited. Thank you for your insights. We appreciate it.