The Western Australian Cricket Association today announced an exciting new initiative to benefit young, aspiring cricketers in the South West region of WA.
The South West Cricket Academy has been established at the newly-opened Dalyellup College, south of Bunbury. In a massive boost, Perdaman Industries has agreed to become the inaugural partner of the fledgling Academy.
A new study examining the potential for carbon storage to help in the development of low emissions coal technology is currently underway in Western Australia’s South West region.
The Lower Lesueur Carbon Dioxide Geosequestration Study involves a desktop analysis of the suitability of locations to store carbon dioxide in the Southern Perth Basin between Bunbury and Mandurah.
Mr Van Gent said the study was a valuable investment for Western Australia’s coal industry and in striving towards a low emissions future.
The Perdaman Chemicals and Fertilisers’ (Perdaman) Public Environmental Review (PER) document has been considered acceptable by the Environmental Protection Authority (EPA) for release for an eight week public comment period commencing 28 September.
Key points highlighted in the document include:
A new wave of Indian investment could flow into Western Australia in the wake of a landmark $3.5 billion coal-to-urea project at Collie, potentially heralding a new phase in the state’s relationship with India. The Indian government agreeing to buy the locally produced Urea is a sign of the project’s potential as a catalyst for expanding WA’s ties with India.
Perdaman Chemicals and Fertilisers (Perdaman) has announced that South Korea’s Samsung C&T Corporation has agreed to invest approximately $40 million in its Collie Urea Project. The project is on track to obtain relevant approvals by end of 2009 and is heading towards achieving financial close by mid next year.
Please see below for all media coverage of this milestone –
The Australian Financial Review – Samsung C&T signs first deal in WA
The Australian – Samsung invest in $3.5b urea plant
The West Australian – Samsung stumps up $40m for $3.5b Collie fertiliser project
Western Australian Business News – South Korea backs $3.5b Collie urea plant
Perdaman Chemicals and Fertilisers (Perdaman) today announced that global Korean corporation Samsung has agreed to invest approximately $40 million in its Collie Urea Project. The project is on track to obtain relevant approvals by end of 2009 and is heading towards achieving financial close by mid next year.
“This investment by Samsung C&T Corporation in a downstream processing project in W.A reinforces the strength of the Perdaman Collie Urea Project and proves to the world that Western Australia is fast becoming a downstream industrial hub. Investment in projects such as this helps to sustain industry and supports regional development for the long term,” The Hon Brendon Grylls said.
“We are delighted to be the recipients of this major investment by one of the world’s premier industrial conglomerates. Samsung’s participation is a public show of faith in our project and its viability and we are pleased to have them as partners in our project.” Mr Rambal said.
This investment by Samsung C&T Corporation is in addition to the recent announcement by Perdaman Chemicals & Fertilisers one of the sister companies, Samsung Engineering, will undertake the lead Engineering, Procurement and Construction (EPC) role for the Perdaman Collie Urea Project.
The Western Australian Government has welcomed an announcement by Perdaman Chemicals and Fertilisers that the Samsung Corporation have become investors in their $3.5 billion Coal to Gas Urea project in Collie.
“I congratulate Perdaman Chemicals and Fertilisers on their project and welcome the Samsung Corporation as investors in a industry that will open a new chapter in the economic development of Collie.” Mr Grylls said.
“Not only will it provide an economic stimulus to the Collie region but the project will attract a construction workforce of some 15 hundred people and approximately 200 permanent employees.”
“The Western Australian Government has worked closely with Perdaman to secure this project, and in doing so, both the company and the State Government have set themselves challenging timelines.” Mr Grylls said
View the Announcement from the Minister of Regional Development.
Perdaman Chemicals and Fertilisers (Perdaman) has appointed Société Générale Corporate and Investment Banking as its financial advisor for the Collie Urea Project in Western Australia.
As financial advisor, Société Générale’s role involves assisting Perdaman to identify, coordinate and arrange debt funding sources for the Project’s development, as well as access to relevant markets.
Perdaman and Société Générale are working towards achieving financial close for the Project around the middle of 2010. Currently, the permitting and environmental approvals for the Project are expected to be complete by December 2009. The engineering procurement construction contractors have been secured and the core technology selected.
“Perdaman Chemicals and Fertilisers, signed licensing agreements covering the key technology to be used in the plant, the final major contract with suppliers ahead of commissioning the plant’s construction.”
“Perdaman Chemicals and Fertilisers selected three international companies to supply its coal gasification, ammonia and urea melt and granulation technology for its $3.5 billion Collie Urea Project last week. Perdaman projects director Joseph McCarthy said it is now time to look locally.”