Perdaman & Incitec sign Offtake Agreement
Perdaman Chemicals and Fertilisers has signed an offtake agreement with Incitec Pivot Limited for the entire output of granular urea fertilizer from its proposed Collie Urea Plant. The agreement covers the purchase of two million tonnes per annum for a period of 20 years.
Chairman and Managing Director of Perdaman Chemicals and Fertilisers, Mr Vikas Rambal, said the signing of the offtake agreement represented a major step forward in the development of the plant. “The Collie Urea Plant has the potential to make Australia a major player in the global urea market. The agreement means that the nation can become a major exporter of urea. This will benefit Australia’s balance of trade figures. There will also be opportunities for sales of urea within Western Australia.”